VOL. XXXIX

No. 16

15-January-1996

LEBANON

Banque De La Mediterranee Doubles Capital To $100Mn

The Chairman and General Manager of Banque de la Mediterranee, Mr. Mustafa Razian, announced last week an increase in the bank's capital from LL75bn ($47mn) to LL160bn ($100mn). The increase, which took place in mid-December, gives the bank the largest capital base among Lebanon's banks. The bank is 100% owned by the Lebanese Prime Minister, Mr. Rafiq al-Hariri, and the capital increase would...