Bank Audi Calls for Extraordinary General Meeting

Bank Audi’s board of directors invited all holders of common shares to attend an Extraordinary General Meeting that will be held at the bank’s headquarters in Audi Plaza, Bab Idriss, Beirut Commercial Central District on July 27, 2018 at 10:30 a.m. The meeting’s agenda will include several issues discussion, of which:

  • The cancellation of its 1,500,000 Preferred Shares“G”at the issuance price of $100 , that should be fully redeemed by 20/08/2018 .
  • The increase of the Bank’s capital in order to round the nominal value of each individual share up to LL 1,670 (the equivalent $1.1 ).

Audi Bank’s Financial Highlights for Q1 2018

In millions of USD31-Dec-1731-Mar-18YTD
Total Assets43,751.843,482.6-0.6%
Net loans and Advances to Customers at Amortized Cost16,186.215,456.4-4.5%
Customers’ Deposits at Amortized Cost32,953.831,722.6-3.7%
Total Shareholders’ Equity4,187.94,274.5-2%
Profit for the Period*110.20114.083.52%

*March 2017

Source:  BSE



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