BLC Bank shuts down investment subsidiary. To focus more on commercial banking

BLC Bank, part of the Fransabank group, has shut down its investment subsidiary, BLC Invest.

The bank said in a statement that it is concentrating on commercial banking activities and for this reason, it has absorbed all of the assets and liabilities of BLC Invest. It said that it has provided continuity to all BLC Invest employees who have expressed a wish to stay on.

"All outstanding activities of BLC Invest are now assumed by BLC Bank," the bank said.

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