The board of directors (BoD) of Bank of Beirut (BOB) invited its shareholders this week to an extraordinary general assembly at the bank’s headquarters in Foch Street, downtown Beirut. The meeting will take place on the 26th of Sept. 2018 at 10:00 am.
The main item on the agenda will be to verify that the procedure to increase the bank’s capital through the issuance of new ordinary shares from LBP 115.22B (USD 76.43M) to LBP 119.67B (USD 79.38M) is conducted accurately.
Financial Highlights of Bank of Beirut in Q1 2018
| (In Millions of USD ) | 31-Mar-18 | 31-Dec-17 | YOY |
| Total Assets | 18,133 | 18,375 | -1.31% |
| Net Loans and Advances to Customers at Amortized Cost | 5,225 | 5,620 | -7.03% |
| Customers’ Deposits and Credit Balances at Amortized Cost | 12,646 | 13,016 | -2.84% |
| Total Shareholders’ Equity | 2,396 | 2,353 | 1.83% |
| Net Income* | 50.68 | 50.24 | 0.87% |
*March 2017