Banking bulletins

Banque BEMO launches a Deposit Protection Program

Banque BEMO launches a Deposit Protection Program

Beirut, February 23, 2021: With the unbearable pressure Lebanon is facing amidst the health, social and economic crises, Banque BEMO has consistently stayed besides its clients, trying to find adequate solutions to support them. As the crisis is taking an increasing toll on the clients, the economy and our society, Banque BEMO is taking the

Bank Audi sal and FAB Sign Definitive Agreement for the Sale and Purchase of 100% of Bank Audi sae (Egypt)’s Share Capital

Transaction expected to be completed within the next few months, subject to regulatory approvals. FAB’s first international acquisition in line with targeted growth strategy in high potential markets in MENA. This is a strategic opportunity for Bank Audi sal (Lebanon) to reap the fruit of its successful investment in Egypt, with the sale proceeds contributing

BLOM BANK SAL Announces the Execution of an SPA in Relation to the Sale of its Stake in BLOM BANK Egypt SAE to Arab Banking Corporation (B.S.C.)

Beirut, Lebanon | 17 January 2021 – BLOM BANK SAL (“BLOM BANK”) and Arab Banking Corporation (B.S.C.) (“Bank ABC”) are pleased to announce that they have signed a definitive agreement on Friday 15 January 2021 whereby BLOM BANK SAL will sell its entire 99.4% stake in BLOM BANK Egypt SAE (“BLOM BANK Egypt”), its Egyptian

BLOM BANK SAL Announces the Execution of an SPA in Relation to the Sale of its Stake in BLOM BANK Egypt SAE to Arab Banking Corporation (B.S.C.)

Beirut, Lebanon | 17 January 2021 – BLOM BANK SAL (“BLOM BANK”) and Arab Banking Corporation (B.S.C.) (“Bank ABC”) are pleased to announce that they have signed a definitive agreement on Friday 15 January 2021 whereby BLOM BANK SAL will sell its entire 99.4% stake in BLOM BANK Egypt SAE (“BLOM BANK Egypt”), its Egyptian

BLOM Lebanon PMI: Macro highlights – December 2020

Month of December marked a high manufacturing Purchasing Managers’ Index (PMI) for the US which increased from 56.7 in November to 57.1 in December, the best reading since September 2014. The last month of the year witnessed candidate Joe Biden’s victory after the electoral college voted on Monday, which guaranteed more than the 270-vote threshold.

DIFC FinTech Hive and FinTech-Aviv reach landmark agreement

Agreement outlines partnership opportunities between DIFC FinTech Hive and Israel’s FinTech Aviv, focused on innovation and financial technology Agreement follows new economic collaboration between the two countries following historic agreement between UAE and Israel Dubai, UAE, 28th November 2020: DIFC FinTech Hive, the largest financial technology hub in the Middle East, Africa and South Asia

73% of Consumers in Middle East and Africa are Shopping More Online Since the Start of Pandemic, Reveals Mastercard Study

Data Top Ups (70%), clothing (63%), and groceries (52%) top the virtual shopping list in the region 66% of consumers have embraced online banking, and on average nearly half have used the downtime to upskill on online experiences such as healthcare, cooking, education and more Beirut, Lebanon – 24 November 2020: As the global COVID-19 pandemic

Banque BEMO believes in the Lebanese Industry

Beirut, November 20, 2020: The Lebanese industry is an important driver of the economy despite being impacted by the growing pressures Lebanon is facing. In this context, Banque BEMO launches the “Industrial Excellence Award”, in partnership with the Faculty of Business Administration and Management (FGM) at Saint Joseph University (USJ), striving to instill in the

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