Who owns BLOM BANK?

Who owns BLOM BANK?

Latest News. Bahrain’s Arab Banking Corp (ABCB.BH) has completed the acquisition of a 99.5% stake in the Egyptian unit of Lebanon’s BLOM Bank (BLOM.BY), which will allow ABC to triple its market share and balance sheet in Egypt.

Is BLOM BANK International?

And in this context, it is also interesting to add that BLOM BANK remains the Lebanese bank with the widest foreign presence, and currently has footings in the following 11 countries: Lebanon, Jordan, UAE, Egypt, France, UK, Switzerland, Romania, Cyprus, Qatar, and Saudi Arabia.

What happened to BLOM BANK?

A judge in Nabatieh has ordered Fransabank and BLOM Bank to transfer dollars abroad for tuition payments for three plaintiffs with children studying in Germany, Georgia and Ukraine, the NNA reports. The judge also ordered the banks to pay a LL10 million fine for each day of delay.

What do you know about BLOM Bank?

BLOM Bank Egypt is a commercial bank offering banking and financial services, with a paid up capital of EGP 3000 Million. It has a branch network of 41 branches covering Greater Cairo, Alexandria, Hurghada, Sharm El Sheikh, Damietta, Port Said, Mansoura, Ismailia, Tanta, El-Suez, El Dakahlia, and EL Minya.

Who owns Bank of Beirut?

BOBI has a share capital of LBP 30,000,000 shares with a par value of LBP 1,000 per share. The Bank owns 98 percent of the share capital of Bank of Beirut Invest s.a.l, the balance of 2% being owned by the directors. BOBI is a specialized bank governed by legislative decree no.

Does HSBC have branches in Lebanon?

HSBC had been in Lebanon since 1946 and has three branches in Dora, Ras Beirut and St Georges Bay. Blom said in November HSBC had about $953 million (£746.5 million) in assets in Lebanon as of June 30 last year.

What is the meaning of Blom?

Blom is a Swedish, Danish, Norwegian and Afrikaans term for bloom or flower. In Dutch it is a variant of bloem meaning flour or flower.

How many banks are there in Egypt?

According to the Central Band of Egypt (CBE), the Egyptian banking system consists of 40 banks categorized as commercial, non-commercial public and private sector. ATM services are offered at all bank branches as well as many point-of-sale locations.

How many banks are in Lebanon?

– 65 banks with 1,079 branches. – 26,000 bank employees. – USD 175 billion of total deposits, of which 120 billion are in U.S. currency.

What is the interest rate in Lebanon?

What was Lebanon’s Long Term Interest Rate in Mar 2022?

Does HSBC have a branch in Cyprus?

On Thursday, Naciye Turksever, who runs two of the HSBC branches in northern Cyprus, said the bank did not expect political problems after taking on their operations.

What nationality is the name Blom?

Blom is a surname of Scandinavian, German and Dutch origin. Blom is a Swedish, Danish, Norwegian and Afrikaans term for bloom or flower. In Dutch it is a variant of bloem meaning flour or flower.

How do I contact the Blom customer service?

Contact our 24/7 Call Center. Phone: +961 1 758000. Fax: +961 1 343 092. Email: [email protected].

Why choose BLOM BANK?

BLOM BANK is a leading Lebanese bank which has repeatedly and unanimously been selected as the Best Bank in Lebanon… Commercial Banking In addition to the conventional banking loan services, BLOM BANK developed its products and services to meet with the market trends and requirements.

How do I contact the Labban team?

Phone: (961-79) 300594 – (961-76) 667791/2. Email: becharael [email protected]. Manager: Mr. Haitham LABBAN.