Libyan Foreign Bank eyes capital hike, buys
Güncelleme Tarihi:
Reuters
Oluşturulma Tarihi: Nisan 21, 2009 00:00
DUBAI - Libyan Foreign Bank said yesterday it planned to raise its capital 10-fold to $10 billion to finance expansion in Europe and Africa and would raise its stake in HSBC affiliate British Arab Commercial Bank.
"Our capital is $1 billion. We hope to get it up to $10 billion, hopefully in the next two to three years," its chairman, Mohamed Bait-Elmal, told reporters. Bait-Elmal said his bank planned to increase its stake in British Arab Commercial Bank to around 70 percent, reducing HSBC's stake to about 19 percent.