VOL. XLIII

No. 24

12-June-2000

LEBANON

BLC Shareholders Vote Unanimously Against Raising Share Capital To $107Mn

At the Banque Libanaise pour le Commerce (BLC) general assembly on 2 June, shareholders voted unanimously to keep the banks capital at $100mn rather than raise it to $107mn, on the grounds that shareholders equity was sufficient to cover operations, according to Lebanons Daily Star newspaper. In addition, BLC adopted a series of measures to consolidate the banks merger with United Bank...