May 15, 2017 / 7:24 AM / 3 months ago

Blom Bank general manager expects wave of consolidation in Lebanon's banking sector

BEIRUT, May 15 (Reuters) - The general manager of Lebanon's Blom Bank said on Monday he thinks "there will be a new wave of consolidation" in the country's banking sector.

Speaking at a Euromoney conference in Beirut, Amine Awad added that it could be between smaller banks or via the acquisition of small banks by larger ones. (Reporting by Angus McDowall; Editing by Toby Chopra)

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