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BLOM Profile


BLOM BANK Best Bank in the Middle East for 2009

In December 2009, BLOM BANK was nominated “Best Bank in the Middle East for 2009” by The Banker, part of the Financial Times Group, after receiving the same nomination from Banker Middle East. BLOM BANK received also the title of “The Best Bank in Lebanon for 2009” from The Banker, Global Finance, World Finance and Emea Finance. It was also selected as “The Strongest Bank in Lebanon for 2009” by The Asian Banker and received many other “Best Bank in Lebanon and in the Middle East” awards for the year 2010 of which:

  • Best Bank in Lebanon for 2010 from Global Finance
  • Best Banking Group in Lebanon for 2010 from World Finance
  • Best Bank in Syria for 2010 from Global Finance
  • Best Trade Finance Bank in Lebanon for 2010 from Global Finance
  • Best Foreign Exchange Bank in Lebanon for 2010 from Global Finance
  • No 1 Banking Brand in Lebanon for 2010 from The Banker
  • Best Trade Finance Offering in the Middle East for 2010 from Banker Middle East
  • Best Mutual Fund in the Middle East for 2010 from Banker Middle East
  • Best Balanced Fund Award for 2010 from MENA FM

 

“BLOM BANK’s Universal Banking Services Maximizing Customers’ “Peace of Mind”.
BLOM BANK Group provides universal banking services that meet all the needs of clients, and is constantly developing and improving these services. They include: Commercial Banking, Corporate Banking, Private and Investment Banking, Asset Management, Retail Banking, Islamic Banking and Insurance products and services.



BLOM BANK 1st Quarter 2010 Results: The most profitable bank in Lebanon.
As a result of an excellent control of expenses and banking risks, BLOM BANK realized during the 1st quarter of 2010 the following results as compared to listed local banks: the highest return on average equity (common shares) of 19% and the highest return on average assets of 1.41%, and the highest earning yield of 13.5% (based on shares prices at 30/4/2010) and had the lowest cost to income ratio of 39.7%. In addition, BLOM continued its strong and sustained growth as compared to end March 2009. Assets increased by 14% to USD 21.1 billion and customer deposits increased by 18.3% to USD 18.3 billion.

Moreover, BLOM’s consolidated Basel II Capital Adequacy reflected solid solvency with ratio of 14% as at end March 2010, well beyond the international minimum of 8%. Additionally, shareholders equity increased by 21% to US $1.8 million from end March 2009 and net profits (for the 1st quarter 2010) increased by 16% to USD 73.6 million.


BLOM BANK: The Lebanese bank with the broadest network in Europe, the Gulf and the Middle East.
BLOM BANK is the Lebanese bank with the widest international network. The Bank has a presence in the following 12 countries: Lebanon, Syria, Jordan, UAE, France, UK, Switzerland, Romania, Cyprus, Egypt, Qatar, and Saudi Arabia, either directly or through its subsidiaries: BANK OF SYRIA AND OVERSEAS, BLOM BANK FRANCE, BLOM BANK (Switzerland), BLOM BANK EGYPT, BLOM EGYPT SECURITIES, BLOM BANK QATAR, BLOMINVEST SAUDI ARABIA, BLOMINVEST BANK, BLOM DEVELOPMENT BANK (Islamic Bank), AROPE INSURANCE, AROPE SYRIA INSURANCE, AROPE EGYPT INSURANCE.
BLOM BANK aims to continue playing a leading role in the region, providing its customers with highly professional universal banking services and peace of mind.

Lebanon    •     Cyprus    •     Jordan    •     France    •     UAE    •     United Kingdom    •     Romania    •     Switzerland    •     Syria    •     Egypt
Copyright 2009 BLOM BANK. All rights reserved.