Tag Archives: Blom Bank

Financial Results of the Four Largest Listed Lebanese Banks in 2018: Reasonable Performance amid Continuing Political and Economic Instabilit

    Net Profit($ mn)           ROACE (%)         ROAA(%) Cost-to-Income (%) BLOM 510.42 16.49 1.47 35.30 Audi 500.55 14.00 1.10 48.05 BoB 210.19 13.08 1.13 43.37 Byblos 164.52 8.76 0.70 51.20   The un-audited financial results of the four largest listed Lebanese banks — BLOM, Audi, Byblos,

BLOM BANK Receives “The Best Corporate Social Responsibility Card in the Levant for 2018” Award

  BLOM BANK S.A.L. Head office- Beirut, November 30th, 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

BLOM PMI Highlights – September 2018

A bare uptick in the BLOM Lebanon Purchasing Managers’ Index (PMI) from 45.6 in August to 45.8 in September still hints at a gloomy operating environment for the Lebanese private sector. Lebanon has now entered a stage of stagflation. Stagflation is a phenomenon whereby the economy is experiencing low growth (the PMI derived growth stands

Azhari and Malhotra signing the agreement

Mastercard and BLOM BANK team up to advance Lebanon’s digital payments ecosystem through rollout of innovative technologies

BLOM BANK Headquarters Beirut, Lebanon – 13 September 2018: In a move that will strengthen the digital payments ecosystem across the Levant, Mastercard, a leading technology company in the global payments industry, has signed a seven-year collaboration agreement with the award-winning Lebanon-based BLOM BANK. Mastercard will work closely with BLOM BANK on the rollout of

The BLOM Lebanon PMI Slightly Up to 46.4 in May 2018

  Activity at Lebanese Private Sector businesses remained subdued in May.  Surveyed companies identified security issues, cash-flow problems and the political environment as negatively impacting demand.  Commenting on the May 2018 PMI results, Riwa Daou, Economist at BLOMINVEST Bank, said: “In spite of the minor rebound registered by the BLOM Lebanon PMI in May, the overall picture

BLOM BANK Receives “The Best Bank in Lebanon for 2018” Award from the Internationally Renowned Magazine Euromoney

BLOM BANK Receives “The Best Bank in Lebanon for 2018” Award from the Internationally Renowned Magazine Euromoney

  BLOM BANK S.A.L. Head office- Beirut, May 15, 2018: At a ceremony held on May 8, 2018 at Grosvenor House, Dubai, hosting around 200 prominent bankers from across the region, Mr. Saad Azhari, Chairman and General Manager of BLOM BANK, received “The Best Bank in Lebanon for 2018” award from the internationally renowned magazine

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