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Lebanon's BLC Bank unveils expansion plan
- Lebanon: Sunday, January 29 - 2012 at 10:21
Lebanese lender BLC Bank, which has raised nearly $95m from two heavily oversubscribed preferred share issuances in 2011, has unveiled strategic plans for expansion of both its footprint and offerings, The Daily Star has reported. "The capital raised from preferred shares will be channelled toward achieving BLC's vision of local and international expansion," said Georges Tabet, adviser to the chairman of BLC Bank and deputy general manager of BLC Finance and BLC Services. "In particular, we are seeking to develop our private banking business and to launch an investment banking arm for which we already received approval from the Central Bank," he told the daily.
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StaffSunday, January 29 - 2012 at 10:21 UAE local time (GMT+4)
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