File - Fransabank is seen in Beirut, Monday, Feb. 20, 2012. (The Daily Star/Mahmoud Kheir)
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Fransabank has reached a preliminary agreement to acquire Amman-based Ahli International Bank operations in Lebanon for over $100 million, a banking source said Tuesday.Fransabank issued a brief statement Tuesday saying that it had concluded an agreement with Jordanian Ahli Bank to buy Ahli International Bank.With customer deposits of over $800 million, Ahli has been operating in Lebanon since 1961 . In July 2001, the Lebanon branches of Ahli merged with the Bank of Lebanon and Kuwait SAL to form Ahli International Bank SAL, whose head office is located in Bab Idriss in Downtown Beirut. The bank's return on average assets reached 0.98 percent in 2013, compared to 1.06 percent a year earlier; while its return on average equity was 10.24 percent, down from 11.52 percent in 2012 .
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