The Board of Directors of Banque Libano-Francaise (BLF) decided to redeem, on the 4th of April 2016, its 1,500,000 BLF preferred shares 2011 Series 3 worth LP 10,000 per share. Therefore, Midclear confirmed that the shares mentioned above have been redeemed on the 17th of May 2016 after paying the total shares’ value to shareholders.
BLF Financials
| ($M) | Jun-15 | Dec-14 | % Change |
| Assets | 11,305.87 | 11,270.56 | 0.31% |
| Customers’ Deposits | 9,580.07 | 9,580.42 | 0.00% |
| Toal Equity | 1,111.32 | 938.10 | 18.46% |
| Net Profit | 55.31 | 52.15* | 6.08% |
*As of June 2014
Source: Midclear, Company Website