BLC General Assembly and Dividend Distribution for 2016

A general assembly was held at the bank’s headquarters on June 29th 2017 and discussed the following key items:

  • The permits of articles 158 and 159 of the Commerce Law and the article 152 of the Code of Money and Credit.
  • Auditors’ financial reports for the financial year 2016.
  • Approval of BLC’s 2016 results, whereby profits for the year totaled LBP 66.93B ($44.4M).

The Committee allocated LBP 13.94B ($9.25M), which represents 20.82% of profits, as dividends to be distributed as follows:

 *Net Amount per share ($)
Preferred Shares B6.65
Preferred Shares C6.41
Preferred Shares D1.75


*Dividend payment date is set for July 5th 2017

Source: BLC Bank, Beirut Stock Exchange

 

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