Jordanian, Lebanese Banks to Boost Stakes in Syria, SANA Reports

Three Middle East banks won regulatory approval to raise the stakes in their Syrian units from the current 49 percent, the state-run Syrian Arab News Agency reported.

The Housing Bank for Trade and Finance, based in Amman, Jordan, will increase its holding in its Syrian unit to 60 percent, according to SANA. Fransabank SAL, with headquarters in Beirut, will boost the stake in its local business to 59.7 percent and Arab Bank Plc of Amman will enlarge its stake to 53 percent, SANA said.

To contact the reporters on this story: Lina Ibrahim through the newsroom in Dubai at mideastnews@bloomberg.net.

To contact the editor responsible for this story: Maher Chmaytelli at mchmaytelli@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.