Wednesday 18 May 2022

NCB to close branches in Lebanon

RIYADH, February 18, 2016

National Commercial Bank , Saudi Arabia's largest bank, will close its two branches in Lebanon because of low financial returns, the lender said on Thursday.

Both branches are in Beirut. Lebanon's economy has been struggling because of the civil war in neighbouring Syria and domestic political tensions.

The closures will have no impact on the bank's current financial statements, NCB said. - Reuters

Tags: Saudi Arabia | lebanon | NCB |

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