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...