Lebanon's Blom Bank says to acquire HSBC's Lebanese business by H1 2017

Bloom Industries

16/11/2016 11:22

BEIRUT, Nov 16 (Reuters) - Lebanon's Blom Bank  BLOM.BY  
said on Wednesday it has signed an agreement to acquire the 
assets and liabilities of HSBC Bank Middle East, a wholly owned 
subsidiary of HSBC Holdings  HSBA.L . 
    Subject to regulatory approval from Lebanon's central bank, 
Banque du Liban, the transaction is expected to be completed 
during the first half of 2017, Blom said in a statement. 
 
 (Reporting by Lisa Barrington; Editing by Hugh Lawson) 
 ((lisa.barrington@thomsonreuters.com; +961)(0)(1954456;)) 
 
Keywords: LEBANON BANKING/BLOM HSBC