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BLOM BANK is a leading Lebanese bank which has repeatedly and unanimously been selected as the Best Bank in Lebanon by the most recognized regional and international institutions. Its successful business operations are based on a universal banking model that includes: Commercial Banking, Corporate Banking, Private Banking, Investment Banking, Retail Banking, Islamic Banking, Asset and Wealth Management, Capital Market Services, and Insurance Products and Services.

As one of the oldest established banks in Lebanon, if not in the region, BLOM BANK has always been at the forefront of the country’s banking system. Its universal banking services revolve around trust and credibility, built with its clients through long-term personal relationships, integrity, and the strong financial fundamentals that it has consistently achieved. BLOM BANK is proud to have become its clients’ preferred banking partner and investment reference, meeting all their financial needs and ensuring their “Peace of Mind”. BLOM BANK is also proud to extend this “Peace of Mind” to the larger community, through its pioneering corporate social responsibility activities, like: its de-mining and planting of trees initiative BLOM MASTERCARD “Giving Card”, its educational initiative “BLOM shabeb” and its adoption of UN Sustainable Development Goal 4 “Quality Education”, its safe schools program “ProtectED”, and its recycling program for a greener environment “Green Cycle”.

Throughout the years, BLOM BANK has consistently maintained a track record of solid performance and financial strenght that carried over to 2019, despite the continuing unstable political and economic conditions facing Lebanon and the region. BLOM’s operational and managerial efficiency has enabled it to maintain by end June 2019 the lowest cost–to-income ratio among listed banks at 35.85% that helped generate a level of net profit equal to $238.7 mn. Net profit was also supported by the rise in profits at the Bank’s foreign units and subsidiaries despite the fall in profits in Lebanon. As important, it implied the highest return on average assets among listed banks at 1.27%. In terms of balance sheet aggregates, assets increased to $38.53 bn and shareholders’ equity to $3.27 bn, while customers deposits reached 28.14 bn. Moreover, total loans stood at 6.66 bn, with retail loans constituting $2.9 bn, the largest share in the Lebanese market.

The Bank also attained strong financial indicators, for the ratio of non-performing loans stood at 4.7%, with a coverage ratio of 157% when accounting for real guarantees. In addition, the primary liquidity ratio reached 85.36% and the capital adequacy ratio according to Basel III stood at 20.8% (against a required 15%).

BLOM BANK’s strategy is based on measured regional expansion to markets with strong potential and on the continuous modernization and diversification of its universal services, both placing it as a leading bank in the Arab region. As a result, BLOM BANK has the widest foreign presence among Lebanese Banks, and is currently present in the following 12 countries: Lebanon, Jordan, UAE, France, UK, Switzerland, Romania, Cyprus, Egypt, Qatar, Iraq, and Saudi Arabia. It conducts its worldwide operations either directly or through its subsidiaries, which include: BLOM BANK FRANCE, BLOM BANK (SWITZERLAND), BLOM BANK EGYPT, BLOM EGYPT SECURITIES, BLOM BANK QATAR, BLOMINVEST SAUDI ARABIA, BLOMINVEST BANK, BLOM DEVELOPMENT BANK (ISLAMIC BANK), AROPE INSURANCE, AROPE INSURANCE OF PROPERTIES AND RESPONSIBILITIES – EGYPT, AROPE LIFE INSURANCE – EGYPT, BLOM SECURITIES – JORDAN, and BLOM ASSET MANAGEMENT COMPANY. In this respect, the Bank serves the niche market of Lebanese and Arab expatriates and business people in Europe, and acts as one of the trusted local full-service banks in the Middle Eastern countries in which it is present.

In its drive to diversify its revenue base and enrich its asset class, the Bank is constantly looking to strengthen its regional expansion in the medium-to long-term, adopting a balanced growth strategy and adhering to its conservative but rewarding business model. In addition, the Bank will be intensifying its digitalization drive to enhance the spread and depth of its internet banking and digital services so as to transform itself into a prime digital bank in the medium term. And as always, the Bank will be capitalizing on its regional competitive advantages in terms of common culture, economic interactions, business synergies, outstanding relationships, and the excellent development of its products.

Verdun - Rachid Karami Str. BLOM Bank Bldg.
P.O.Box: 11-1912 Riad El-Solh 1107 2807, Lebanon
Phone: (961-1) 743300 - 738938
Fax: (961-1) 738946

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