BOB Bank Decided to Increase its Capital to LBP 115 Billion

The board of directors of Bank of Beirut (BOB) Bank called on the bank’s shareholders to attend an extraordinary general assembly meeting which was held on the 25th of August 2016 at 10:30 a.m in the bank’s headquarters.

BOB Bank decided on increasing its capital from LP 109,378,674,000 to LP 115, 218,674,000, through the issuance of 4 million new preferred class “K” shares, worth LP 5.84B

BOB Bank Financial Highlights in H1 2016($M)

Jun-16Dec-15% change
Net Profits($M)90.8888.95*2.17%
Total Assets16.1415.335.29%
Customers’ Deposits11.9611.315.77%
Shareholders’ Equity2.121.9011.34%
Loans and advances to customers4.454.0310.49%

* Value of June 2015

Source: BSE

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