Bank of Beirut (BoB) has signed an agreement to acquire Fortuna Bank, a Luxembourg retail financial institution with total assets of €257.1 million ($290.5 million) as of the end of 2017. Fortuna's portfolio of loans to customers increased six percent to nearly $229 million last year.
The conclusion of the deal requires the approval of the Central Bank (BDL) and of European regulators, according to a joint statement released by the two banks.
Fortuna Bank's top management and empl...
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