Credit Bank S.A.L Issues Preferred Shares 2015 Series 5

Following Banque du Liban’s approval on the 1st of April 2015, Credit Bank increased its capital by $25.0M through the issuance of 25,000 non-Cumulative Redeemable Preferred Shares 2015 Series 5. The annual dividend will be equivalent to 7% per year of the Issue Price which is $100/share. In turn, and given that those shares won’t be listed on the BSE, dividends will be subjected to a 10% distribution tax. However, the Bank will reimburse the holders of the mentioned shares for a portion not exceeding 5%.  

Credit Bank Yearly Financials

Net Loans & Advances to Customers1.481.30
Total Assets30022643
Deposits from Customers25902269
Total Shareholders’ Equity211207
Net Interest Income 6253
Net Profit2718

Source: BSE

Source: BSE

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