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Lebanon Finance News

Dedicated to economic and business news on Lebanon, managed by the team of Lebanon Opportunities.

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Bank of Beirut

Lebanese-Australian buys five pct of Bank of Beirut. Stake acquired for $57.3 million. News from Lebanon

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Sarkis Nassif, CEO of Australia-based Holdmark Real Estate Property Group, will acquire five percent of Bank of Beirut for $57.3 million.

The bank will issue 3.05 million new common shares to Nassif at the current market price of $18.8 per sh….
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Emirates NBD sells 40 percent of its BoB shares. Deal valued at $39 million. News from Lebanon

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Bank of Beirut (BoB) acquired more than 40 percent of Emirates NBD’s stake in the bank, valued at $39 million. It represents 2.7 percent of the bank’s equity out of a total 6.5 percent shareholding. An EMIRATES NBD is a UAE-based bank.

A sour….
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Torbey reelected Chairman of ABL. Salim Sfeir won one seat

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Joseph Torbey has been reelected as Chairman of the Association of Banks (ABL). His team won 11 out of 12 seats of ABL’s Board of Directors.

His rival Salim Sfeir won one seat at the expense of Varouj Nerguizian, Chairman of Emirates Lebanon ….
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Disclosure by banks available to clients. It is mandatory to show lending and deposit rates computations

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The Central Bank’s Basic Circular No. 134, which requires banks to apply measures to ensure transparent and fair dealings with their customers, has been completely implemented, said executives from Bank of Beirut and Credit Libanais.

The Cent….
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Disclosure by banks available to clients. It is mandatory to show lending and deposit rates computations

lebanon_banking_sector.gif

The Central Bank’s Basic Circular No. 134, which requires banks to apply measures to ensure transparent and fair dealings with their customers, has been completely implemented, said executives from Bank of Beirut and Credit Libanais.

The Cent….
Article details

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