After it was approved by the Central Council of Banque du Liban, Banque de l’Habitat boosted its capital from LBP 50B to LBP 100B by increasing the nominal value of the bank’s shares on December 3rd, 2014.
The decision to increase the nominal value of the bank’s shares from LBP 8,000 to LBP 16,000 was finalized after being first proposed in the extraordinary general assembly held on the 28th of November, 2013, in addition to the decision on October 9th, 2014, to transfer excess values in legally required reserves and in retained earnings to the bank’s capital account.