No. 11



ING Bank Opens Branch In Beirut

ING Bank, part of the Amsterdam-based ING Group, announced on 6 December the opening of a branch in Beirut, thus becoming the first foreign bank to obtain a branch license in Lebanon since the 1975-90 civil war. (Other foreign banks have reactivated existing branches.) ING Group Executive Board member Cees Maas said the bank chose to open in Lebanon because "it is a country with strong growth rates already for...