Lebanon & Gulf Bank Issued Preferred Shares 2015

Following Banque du Liban’s approval on the 30th of September 2015, Lebanon & Gulf Bank S.A.L increased its capital by $20.0M through the issuance of 200,000 perpetual, non-cumulative redeemable Preferred Shares series 2015. These shares were executed at Midclear on the 29th of December, 2015. Each preferred share of series 2015 had an issue price of $100, with a LBP 20,300 nominal value. Non-cumulative annual dividends of 7% per year of the par value are applicable. These dividends will be subject to a withholding tax of 10% (unless shares are listed on the BSE, the withholding tax is 5%).

Lebanon & Gulf Bank S.A.L Yearly Financials ($B)

Net Loans & Advances to Customers1.361.25
Deposits from Customers3.112.82
Total Assets3.563.22
Total Shareholders’ Equity ($M)293.00248.00
Net Profit ($M)23.0022.00

Source: BSE

One thought on “Lebanon & Gulf Bank Issued Preferred Shares 2015

  1. Ibrahim Kettani

    Thanks For the article. Can we get the bank financials for the past 5 years. they are not available in their websites..


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