Executive talks to Georges Zard Abou Jaoudé, chairman and general manager of Lebanese Canadian Bank, about the bank’s IPO plans, foreign expansion, capital increases and everything else in between. E Can you give us some background about when you started thinking about an IPO and how you prepared yourself and your team? To accompany growth and go regional with the highest solvency in the sector, and moreover, to be compliant with Basel II, you need to increase equity. IPO is the healthiest way to increase equity. An IPO means exposure to other parties, in other words, to the public. The consequences include total transparency and disclosing every single decision. This in turn introduces a new culture. I and all the executives at all levels are convinced that our officers need to embrace this culture in order to be well-prepared for the public. I think we are now, after two years of
