BLC Bank buys 9.9 percent stake in USB Bank

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NICOSIA, Sept 8 | Wed Sep 8, 2010 5:23am EDT

NICOSIA, Sept 8 (Reuters) - Lebanese lender BLC Bank (BLC.BY) has bought a 9.9 percent share in USB Bank Plc USB.CY, one of Cyprus's smallest banks.

USB did not provide information on the value of the transaction in its statement, and representatives of the bank were not available for comment. (Reporting by Sarah Ktisti; Editing by Dan Lalor)

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