Blom Bank Eyes A 13% Increase In Loans Portfolio

By Administrator On Mar 18, 2012

Blom Bank Egypt’s estimated budget shows that it plans to raise deposit and loans portfolio for this year, sources at the Bank said.

Blom Bank plans to increase deposits portfolio by 13% to reach EGP 7.75 billion, up from EGP 6.85 billion in 2011 and loans portfolio by 10% to reach EGP 3 billion, up from EGP 2.686 billion at the end of 2011.

Sources added that Blom Bank is currently planning to offer Islamic banking services in the upcoming period, in response to the increasing demand on these services.

Blom Bank Islamic banking services