News

22 February 2019
In a ceremony held on January 30th, 2019 at BLOM BANK’s Headquarters, BLOM BANK was awarded the “Excellence in Risk Management” award by Visa as Mr. Saad Azhari, Chairman and General Manager of BLOM BANK, received the award from Mr. Marcello Baricordi, General Manager - Middle...
06 February 2019
Softer, yet sharp overall, contractions in output and new orders   On the PMI results for January 2019, Marwan Mikhael, Head of Research at BLOMINVEST BANK, commented the following on BLOM Lebanon PMI’s January 2019 results: “The PMI result came to confirm all economic...
01 February 2019
Reasonable Performance amid Continuing Political and Economic Instability   Net Profit($ mn) ROAcE (%) ROAA(%) Cost-to-Income (%) BLOM BANK 510.42 ...
31 January 2019
  Statement of Financial Position Income Statement in USD (1.7 MB) Statement of Financial Position Income Statement in LBP (1.7 MB)
04 January 2019
December saw a marked contraction in output at Lebanese private sector companies which continued to cite political instability as a main impediment to growth.   On the PMI results for December 2018, Dr Fadi Osseiran, General Manager of Blominvest Bank, commented the following: “The...
18 December 2018
The EBRD is fostering international trade in Lebanon by providing a US$ 75 million trade finance line to BLOM BANK SAL, one of the largest banks in Lebanon and a leading regional bank. Under this facility, which is part of the EBRD’s Trade Facilitation Programme (TFP), the EBRD’s...
08 December 2018
On the PMI results for November 2018, Dr. Ali Bolbol, Chief Economist at BLOM Bank, commented the following:   “For the third consecutive month, the decline in Lebanon’s PMI decelerated to stand at 46.7 in November 2018, driven by decelerated falls in output, new orders,...
04 December 2018
At a ceremony held on November 14th, 2018 at BLOM BANK Headquarters, Mr. Saad Azhari, Chairman and General Manager of BLOM BANK, received “The Best Corporate Social Responsibility Card in the Levant for 2018” award from Mr. Khalid Elgibali, Division President for the Middle East and...
06 November 2018
Riwa Daou, Economist at BLOMINVEST BANK, commented the following on BLOM Lebanon PMI’s October 2018 results:   “The BLOM Lebanon PMI managed to register a slight uptick from 45.8 in September to 46.2 in October on account of softer contractions in output, new orders and new...
31 October 2018
Steady Profitability Amid Continuing Difficult Operating Conditions   BLOM Bank published today its unaudited financial results for the first nine months of 2018. In a difficult environment characterized by a slowing economy and continuing political paralysis, BLOM Bank managed to maintain...
15 October 2018
BLOM BANK is proud to announce that it is the first bank in Lebanon and among few banks in the region to introduce the new SWIFT Global Payments Innovation service (SWIFT gpi) to its clients thus joining a growing network of around 280 leading banks worldwide which are offering this advanced...
04 October 2018
Marwan Mikhael, Head of Research at Blominvest Bank, commented the following on BLOM Lebanon PMI’s September 2018 results:   “As expected, the slowdown in economic activity is confirmed by the PMI declining for the third quarter in a row by end September 2018, and the fourth...
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