BLF Redeemed Preferred Shares Class “2”

On May 22nd 2015, all Banque Libano-Francaise preferred shares class “2” were redeemed from Mid-Clear, in accordance with the decision of BLF’s board of directors, dating back to April 21st, 2014. Consequently, all accounts from which the shares were redeemed received reimbursements equal to the share value.

BLF 2014 Financials ($M)

2014
Assets 11,271
Customers’ deposits 9,580
Loans and advances to customers 4,130
Shareholders’ equity1,004
Net profit102

Source: BSE, BLOM Bank Invest Research Department

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