Hisham Itani, other investors buy 73 percent of Crédit National. The bank is increasing its capital by $30 million

Hisham Itani and other investors have acquired 73 percent of Banque de Crédit National (BCN).

The bank is in the process of increasing its capital by $30 million to a total of $45.6 million. The capital hike will be injected by the new shareholders and still requires the approval of the Central Bank. BCN is also considering carrying out another capital increase soon. The amount has not yet been decided.

At the end of 2017, BCN's total assets and shareholder equity stood at...

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