BLC Bank to Hold Extraordinary General Assembly

The board of directors at BLC Bank called on the bank’s shareholders to attend an extraordinary general assembly meeting to be held on the 22nd of September 2016 in the bank’s headquarters.

The meeting’s agenda will focus on the process of the redemption of class “A” preferred shares and the increase of the bank’s capital through the issuance of class “D” preferred shares.

BLC Bank Financial Highlights in H1 2016 ($M)

June-16Dec-15% change
Total Assets       5,540.34       5,741.09-3.5%
Customers’ Deposits       4,635.51       4,582.371.11%
Shareholders’ Equity          513.65          505.251.66%

Source: Beirut Stock Exchange

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