SGBL Redeemed its Preferred Shares Class 2010

According to Midclear, Societe Generale de Banque au Liban S.A.L. (SGBL) fully redeemed the 10,000 preferred shares class 2010 on January 12, 2015 after full payments were made to their shareholders.

The redemption was approved during the extraordinary general assembly of SGBL shareholders held on the 2nd of July, 2015. As a result, the nominal value of SGBL listed and preferred shares went from 233,000 L.L. to 258,000L.L. per share.

Financials of SGBL by September ($M)

        Sep-14        Sep-15
Deposits From Cutomers10,94711,850
Loans to Cutomers3,5353,940
Total Assets13,98915,752
Shareholders’ Equity1,0611,179
Net Income120121

Source: Bank’s Website

Leave a Reply

Your email address will not be published. Required fields are marked *