Bank of Beirut S.A.L. cancelled the acquisition of Fortuna Banque s.c.

Bank of Beirut SAL is a Lebanon-based commercial bank that offers a range of wholesale and retail banking services. The Bank’s primary activities consist of four business segments; the retail banking services segment includes consumer lending, deposits and savings plans, bancassurance products and cards; the commercial and corporate banking services segment covers a range of credit facilities and lending to large corporations and small and medium enterprises (SMEs); the trade finance services segment includes letters of credit and letters of guarantee, as well as treasury, capital markets and asset management activities, and the correspondent banking services segment. The Bank operates through a network of 55 branches, 55 on-site automated teller machines (ATMs) and 13 off-site ATMs located across Lebanon. The Company has operations in foreign countries, through subsidiaries, branches and representative offices.