The board of directors (BoD) of Bank of Beirut (BOB) invited its shareholders to an extraordinary general assembly at the bank’s headquarters in Foch Street, downtown Beirut on the 26th of Sept. 2018 at 10:00 am. The meeting’s agenda included the following decision:
- Increase the bank’s capital through the issuance of 3.05M new ordinary shares from LBP 115.22B (USD 76.43M) to LBP 119.67B (USD 79.38M).
- Subscription of “HPG Urban Developments Pty Ltd” to the full new ordinary shares amounting 3.05M shares and its election as a member of the board of directors of the Bank.
|Capital Value Before the meeting||USD 76.43M|
|Capital Value After the meeting||USD 79.38M|
|Number of the new shares||3.05M|
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%|