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($M)
| Jun-16 | Dec-15 | % change | |
| Net Profits($M) | 90.88 | 88.95* | 2.17% |
| Total Assets | 16.14 | 15.33 | 5.29% |
| Customers’ Deposits | 11.96 | 11.31 | 5.77% |
| Shareholders’ Equity | 2.12 | 1.90 | 11.34% |
| Loans and advances to customers | 4.45 | 4.03 | 10.49% |
* Value of June 2015
Source: BSE
