| |
FRANSABANK progressed from the fifth position in 2001 to the fourth in 2002 among the Lebanese banks as regards to net profit, which totaled LBP 54.9 billion and increased by 11.4% relative to 2001. FRANSABANK has maintained its ranking in the sixth position as regards to size between 2001 and 2002, where its total assets grew to more than LBP 5.15 trillion as of end-2002, with an annual increase of 10.23% relative to 2001. FRANSABANK has also maintained its ranking in the sixth position as regards to customer deposits which exceeded LBP 4 trillion by the end of 2002, and which grew by 6.14% relative to 2001. The Bank has maintained its ranking in the seventh position as regards to credit portfolio which exceeded LBP 1 trillion. Also, it has maintained the fifth position with respect to shareholders’ equity, which grew to more than LBP 406.6 billion as of end-2002, with an annual increase of 23.8% over 2001. FRANSABANK’s capital adequacy reached 23.11% in 2002 relative to 19.84% in 2001, thereby exceeding the Lebanese standards (12%) and international standards (8%). FRANSABANK progressed in its ranking from the seventh in 2001 to the third in 2002 as regards to its ROAE, which totaled 14.96% in 2002 against 14.72% in 2001, and its ROAA which reached 1.12% against 1.08%. These ratios are considered high by both local and international standards.
|
|