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Local banks have posted record net profits for 2005 despite a year of major political upheaval in the country. BLOM Bank stood out from the set of annual figures, recording net profits in 2005 of $136.8 million, a 50 per cent increase on 2004. Bank Audi recorded the next best year-on-year performance, with net profits for 2005 of $106.4 million, an increase of 48 per cent. Byblos Bank recorded profits of $69 million, a 28 per cent increase over the previous year. On a smaller scale, Bank of Beirut posted net profits of $28 million, a 10 per cent increase on last year, and Banque Europeenne pour le Moyen-Orient (Bemo) reported net profits of $4.9 million, up 25 per cent.