Tag Archives: Blom Bank

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

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 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

BLOM BANK and Protect EdTM renew partnership to provide effective and preventative education for children

    The Four Seasons Hotel, 18 April 2018, BLOM BANK and Kidproof held a joint conference dubbed “Empowering Students with Knowledge” on Wednesday 18 April 2018 at 11:00 am at The Four Seasons Hotel – Beirut to renew their partnership for 5 additional years. The conference was attended by Mr. Saad Azhari, Chairman and

Contraction of the Private Sector Economy Slackened in February; BLOM PMI inched up to 47.3

  Despite the persisting declines in the levels of output and new work, the contraction within the private sector companies soothed in February. The improving employment in the private sector companies and the slowing contractions of the levels of output and new orders mainly boosted the BLOM PMI’s performance however the Lebanese indicator remained below

BLOM BANK Certified for Assessing its Greenhouse Gas Emissions

BLOM Bank s.a.l. – Headquarters – February 6th, 2018: BLOM BANK has conducted an assessment with V4 Advisors DMCC for its Greenhouse Gas emissions (GHG in tCO2e) and was consequently granted two certificates: the V4 Advisors for Greenhouse Gas Auditing and Reporting Certificate in compliance with GHG Protocol Corporate Standards and ISO 14064-1 as well