The General Assembly of the Lebanese Commerce Bank decided to raise its capital value to $100 million, reported Al-Hayat . The General Assembly commissioned the Board of Directors to execute the decision immediately. The Commerce Bank faced financial difficulties two years ago following its merger with the Allied Lebanese Bank. Recently, shareholders satisfied the Central Bank’s requests regarding raising capital and currency reserves. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
