Financial Results
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Lebanon political stalemate, accounting rules distort Bank of Sharjah financials
Bank of Sharjah has reported preliminary profits in its UAE operations, but remains in consolidated net loss because of a political stalemate, currency instability and a new accounting rule applied to its Lebanese subsidiary Emirates Lebanon Bank (EL Bank), Varouj Nerguizian, Group CEO of Bank of Sharjah, told Gulf News…
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