Lebanon’s SGBL To Sell Bank of Gambia

Société Générale de Banques au Liban is eying the sale of Bank of Gambia in a deal that would be worth around $8 million, according to reports. The reports added that Ghana’s government expressed its interest in acquiring the African bank, but so far no agreement has been concluded with SGBL, which had acquired Bank of Gambia through the purchase of Lebanese Commercial Bank. However, SGBL has reportedly said that it has no interest in maintaining the entity in its portfolio and thus has started looking for sale opportunities, The Daily Star reported.