VOLXL
No.02
13-January-1997
LEBANON
TwoLebanese Banks Increase Capital And BLOM Buys Banorabe
Lebanon'sBanque de la Mediterranee and Banque du Liban et d'Outre-Mer (BLOM) haveannounced capital increases of $110mn and over $70mn respectively. The capitalincrease means that BLOM's shareholders' equity has now increased to $150mn from$77mn and has lifted the bank to the position of second largest Lebanese bankbehind Banque de la Mediterranee in terms of equity. At the same time, BLOMannounced that it...
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