In this interview Dr. Makram Sader, Secretary General of Association of Banks in Lebanon talks about several issues including economic growth, internal and external risks, sanctions against Syria and Iran, money laundering , tax exchange laws
SocGen Lebanon unit finalises Lebanese Canadian Bank acquisition
The Lebanese subsidiary of Societe Generale said it won final approval from the Central Bank to acquire the assets and liabilities of Lebanese Canadian Bank (LCN), raising its total assets to $11 billion. The acquisition by Societe Generale de Banque au Liban (SGBL) was prompted by a U.S. decision to ban LCB from dealing in […]
Egypt’s EFG Hermes invests $542 million in Lebanon’s Credit Libanais
Egyptian investment bank EFG Hermes says it has completed its purchase of a 65 percent stake in Lebanon’s Credit Libanais S.A.L, wrapping up a deal valued at $542 million. The investment bank said Tuesday in a statement that the deal includes the option to buy an addition 25 percent stake at the same price over […]