In addition to the conventional banking loan services, BLOM BANK developed its products and services to meet with the market trends and requirements.
Subsidized and Soft loans:
BLOM BANK took advantage of Banque Du Liban (BDL) incentives related to extending credit against decrease in required reserves. The Bank, therefore, developed its existing products and services to provide financing in compliance with BDL Circular #185 which enables the Bank to provide soft and subsidized loans with appropriate tenors that meet the needs of our diversified clients in all sectors of the Lebanese Economy.
Arab Trade Finance Program (ATFP):
In contribution to the development of the Lebanese and Arab Economies, BLOM BANK increased its line of credit with the ATFP to USD25 Million. This enhances the trade of goods of Arab origin and associated services and encourages Lebanese exporters and importers to increase their business transactions with the Arab World.
Small Business Loans for SMEs:
This loan is designed to meet the needs of individuals and small enterprises who are interested in improving their business through increasing their working capital, financing fixed assets for business expansion, or starting new projects.
BLOM BANK extends credit to Corporate Clients especially in the fields of Project Finance, Real Estate Development and Trade Financing among other loans and credit facilities.
BLOM BANK mandated and participated in several syndicated loans to finance projects in Lebanon and other Arab countries throughout its network.
BLOM BANK developed its existing products and services to provide financing in compliance with the Islamic Sharia through its subsidiary, BLOM Development Bank.
BLOM BANK continues to expand its credit portfolio overseas in affiliation with the Group entities in Egypt, Jordan, France, UK, UAE, Romania, Switzerland, Syria and Cyprus.
BLOM BANK in Qatar strengthened its contributions by extending credit facilities to corporate clients thus benefiting from the booming economy that is expected to continue its growth during the coming decade especially with Qatar hosting the 2022 Football World Cup Tournament.