Browse
related articles
BOS renames Banque de la Bekaa Sal
- United Arab Emirates: Tuesday, May 27 - 2008 at 10:34
Bank of Sharjah announced today that it is in the process of changing the name of its wholly owned subsidiary from Banque de la Bekaa Sal Lebanon to Emirates Lebanon Bank Sal 'ELBank'. Varouj Nerguizian, Chairman and General Manager of ELBank, said the capital of the new entity will be increased to $50m plus a cash contribution of $100m in order to reach a total equity of $150m. The change of the name, the capital increase and the cash contribution were recently approved by the Central Bank of Lebanon.
Also consider reading:
Today's top stories
Week's top stories
Browse
related articles
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
Jeff Florian, Senior Reporter
