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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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Credit Libanais

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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EuroMena buys stake in Moroccan retailer. Two funds will be launched within six months

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Beirut-based EuroMena Funds has acquired a seven percent stake in Retail Holding, a Morocco-based diversified retail group for a total of 220 million Moroccan dirhams ($22.5 million), according to the Casablanca Stock Exchange.

Retail Holding….
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Torbey camp prevails in sale of Credit Libanais. EFG Hermes to sell 63 percent share for $492 million

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The Egypt-based EFG Hermes said its board has approved the sale of its 63.7 percent stake in Credit Libanais for a total of $492.2 million. Credit Libanais Investment Bank (CLIB) has arranged the sale of 9.41 million shares, representing 40 percent ….
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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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