Monday, June 19, 2017

Nicolas Ghorra buys four percent of IBL Bank.

Nicolas Ghorra, advisor to the Chairman of IBL Bank, has acquired a four percent stake in IBL Bank for around $32 million. He plans to purchase an additional three percent.

Ghorra, who also provides financial engineering services to companies in various sectors, said he will soon apply to the Central Bank (BDL) to buy the additional stake.

He said he has more than 16 years' experience in the banking sector, which qualifies him to buy a stake of more than five percent in a bank.
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