BLC’s Extraordinary General Assembly Postponed to Aug. 13, 2018

BLC’s board of directors (BoD) invited its shareholders to an extraordinary general assembly that was held at the bank’s headquarters in Beirut on Aug. 6, 2018 at 11:00 am to discuss the following key items:

  • Review the accuracy of the process through which BLC plans to increase its capital by issuing 263,510 new Preferred “E” shares as announced in May 2018.
  • Adopt the amendments made to the bank’s statute for the implementation of the capital increase.

However, the audience unanimously decided to postpone the general assembly meeting to Aug. 13, 2018 at 11am at the bank’s headquarters to discuss the above items.

BLC Bank’s Financial Highlights

  BLC Bank Financials: H1 2018  
(In millions of US$) Dec-17 Jun-18 YTD
Total Assets 5,867 5,902 0.60%
Loans and Advances to Customers 1,600 1,596 -0.25%
Customers’ Deposits 3,919 4,021 2.60%
Shareholders’ Equity 561.47 565.65 0.74%
Profit for the Period 24.9                                     24.4 -2.01%

 (*): Value of June 2018

 Source: BLC Bank, Beirut Stock Exchange


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