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Lebanon's Blom Bank recommends $1 dividend
March 21, 2017 / 1:26 PM / in 9 months

Lebanon's Blom Bank recommends $1 dividend

BEIRUT, March 21 (Reuters) - Lebanon’s Blom Bank is recommending a dividend of 1,500 Lebanese pounds ($1) per common share for 2016, up from 1,250 pounds a year earlier, after reporting a net profit of $463 million, it said in an emailed statement on Tuesday.

The proposal will be presented to the bank’s annual general assembly on April 7, it said.

Reporting by Angus McDowall; editing by Jason Neely

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