2010 net profits and growth First half 2010 financials from Lebanon’s Alpha Banks Lebanese alpha banks continued to gain profits and assets in the first half of 2010 with Bank Audi maintaining its lead across the board. But there have been some notable shifts among the rankings. In terms of assets, Fransabank passed BankMed in the last year. The former’s assets grew to $11.5 billion, surpassing BankMed’s $11 billion. This step up in the assets race also shows in Fransabank’s lending figures, which jumped above Banque Libano-Francaise since this time last year, moving the bank from sixth largest Lebanese lender at the end of June 2009 to currently place fifth. In terms of customer deposits, SGBL regained its 10th place medal from BBAC after a year outside the top 10 by a hair’s breadth, with the bank’s customer deposits growing 23.87 percent year-on-year to reach $3.6 billion, beating BBAC’s 10.5
