Cedrus Bank, Lebanon’s largest specialized bank in Lebanon, is considering local expansion and a major acquisition of a lender to increase its balance sheet and become a major player in the market, its CEO said, Albawaba reported. “We plan to expand our operations and balance sheets organically and non-organically. Organically, we will focus on increasing the number of branches in Lebanon, introduce new products and make more investments in the IT sector. Non-organically, we are looking into acquiring at least a medium-size bank with large balance sheets and many branches in the country,” Fadi Assali told The Daily Star in an exclusive interview.
