Beirut Hellenic Bank aims to open 40 new branches over the next three years, taking its network to 50, the bank's managing director James Wakim told
The Australian.
The bank is targeting a balance sheet of A$5 billion to $7 billion in five years time. The bank has a balance sheet of around $1.5 billion at present.
Bank of Lebanon bought Laiki Bank Australia from the vendor, Marfin Laiki Bank, earlier this year. Laiki began trading in Australia ten years ago.