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Bank of Sharjah accumulated losses at Dh182m by end 2020 on Lebanon exposure
Bank of Sharjah had accumulated losses of Dh182.15 million as of end last year, principally brought on by regulatory requirements at its Lebanon operations. Bank of Sharjah operates a subsidiary, Emirates Lebanon Bank, and which was provided with equity support. This followed a directive from Lebanon’s central bank – Banque…
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Click here to read the full story: Gulf News