On April 24, 2015, Société Generale de Banque au Liban’s shareholders met for the intention to redeem and cancel all the 10,000 Preferred Shares 2010, issued on December 30, 2009. Following Banque Du Liban’s approval on the 13th of May, holders of the mentioned shares received their redemption proceeds, paid through Midclear, on June 17,2015.
SGBL Yearly Financials
| Mar-14 | Mar-15 | |
| Loans & Advances to Customers | $3.12B | $3.67B |
| Deposits from Customers | $10.33B | $11.28B |
| Total assets | $20.17B | $22.68B |
| Total Shareholders’ Equity | $1.55B | $1.70B |
| Net Profit | $60.42M | $60.51M |
Source: Company’s Website