BLC Bank Resolved to Increase its Capital to LBP 214 Billion

The board of directors of BLC Bank called on the bank’s shareholders to attend an extraordinary general assembly meeting which was held on the 11th of August 2016.

BLC Bank confirmed the formalities undertaken to increase its capital from LP 154 billion to LP 214 billion, through the issuance of 60 million new common shares to shareholders.

BLC Bank Financial Highlights in H1 2016($M)

 June-16Dec-15% change
Total Assets       5,540.34       5,741.09-3.5%
Customers’ Deposits       4,635.51       4,582.371.11%
Shareholders’ Equity          513.65          505.251.66%

 *As of June 2015

Source: Beirut Stock Exchange

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