BoB Invites its Shareholders to an Ordinary General Assembly
The board of directors of Bank of Beirut (BoB) invites its shareholders to a general assembly at the bank’s headquarters located in Foch Street, downtown Beirut. The meeting will take place on the 5th of May 2017 at 10:00 am and the key items, among others on the agenda aim to:
- Approve the budget, profits, and losses of the year ended 31/12/2016.
- Provide the Board of Directors the permits by articles 158 and 159 of the Commerce Law and article 152 of the Code of Money and Credit.
- Allocate the bank’s profits of 2016.
- Elect a new Board of Directors.
- Assign auditors for the financial years 2017, 2018, and 2019.
Bank of Beirut Financial Highlights ($B)
| Dec.16 | Dec-15 | % change | |
| Net Profits ($M) | 198.62 | 186.63 | +6.42% |
| Total Assets | 17.21 | 16.15 | +6.55% |
| Customers’ Deposits | 12.31 | 11.96 | +2.93% |
| Shareholders’ Equity | 2.31 | 1.99 | +15.99% |
| Net Loans and advances to customers | 4.7 | 4.19 | +12.24% |
Source: Beirut Stock Exchange (BSE)
