Bahraini Bank ABC finalises acquisition of Blom Bank’s unit in Egypt
The Arab Banking Corporation (Bank ABC) has announced on Wednesday its compilation of the legal merger of its two…
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Blom Bank Egypt
Shareholders of Blom Bank Egypt agree to sell to Bahrain’s Bank ABC
Shareholders representing about 99.5 percent of the shares of Blom Bank Egypt have accepted the mandatory tender…
Bahrain’s Bank ABC submits offer to acquire 100% of BLOM Bank Egypt
Bahrain’s Arab Banking Corporation (Bank ABC) announced on Sunday it had submitted a mandatory tender offer (MTO)…
Bank ABC may get only majority stake in Blom Bank’s Egyptian unit
Bahrain-based the Arab Banking Corporation (Bank ABC) could be buying only a majority stake in Blom Bank’s Egyptian…
First Abu Dhabi Bank to finish due diligence on Bank Audi’s Egyptian unit before year-end
First Abu Dhabi Bank (FAB) plans to complete due diligence and submit a binding offer to acquire Bank Audi’s…
Bahrain’s ABC may sign definitive deal to buy Blom’s Egypt business soon
Bahrain’s Arab Banking Corporation (Bank ABC) are set to sign a definitive purchase agreement soon to buy Blom…
Blom Bank negotiating with Bahrain’s Arab Banking Corp to sell Egyptian unit
Lebanon’s Blom Bank has entered exclusive negotiations with Bahrain’s Arab Banking Corporation (Bank ABC) to…
Bank ABC will complete due diligence on Blom Bank Egypt by mid-Nov.
Bahrain’s Arab Banking Corporation (Bank ABC) will be completing due diligence on Blom Bank Egypt in mid-November,…
Sale of Blom Bank Egypt could be completed in November
Lebanese Blom Bank’s sale of its Egypt arm could be completed in November, with offers from Emirates NBD and…
Race to acquire Blom Bank Egypt could be nearing its final stages
Two of the banks competing for Blom Bank’s Egypt arm are reaching the end of the due diligence process and may…
Bahrain’s Bank ABC starts due diligence on Blom Bank Egypt
Bahrain-based The Arab Banking Corporation (ABC) has started due diligence on Blom Bank Egyptahead of submitting an…
Beltone Financial is not interested in acquiring Blom Bank Egypt: Sawiris
Beltone Financial, Orascom Investment Holding's non banking financial arm, is not interested in attaining Blom Bank…
Bahrain’s Bank ABC in early talks to acquire Lebanese Blom Bank operations in Egypt
Bahrain’s Arab Banking Corporation (Bank ABC) has confirmed that it’s engaged in talks to attain the Egyptian…
First Abu Dhabi Bank submits binding offer for BLOM Bank’s Egypt unit – sources
First Abu Dhabi Bank (FAB) has made a binding offer to buy the Egyptian unit of Lebanon’s BLOM Bank, sources…
A third yet-unnamed suitor enters race to Acquire Blom Bank Egypt
Competition heated as another foreign non-banking financial institution is said to have entered the race with…
Lebanese BLOM’s sale of Egypt unit to raise lender’s capital – Moody’s
Lebanese BLOM Bank's sale of its Egyptian unit would provide much-needed capital enhancement, said Moody’s in a…
Emirates NBD negotiating to acquire Blom Bank Egypt
Emirates NBD, the leading banking group in the region, is in early talks with Lebanon's Blom Bank for a potential…
Lebanese BLOM Bank studies sale of Egypt’s unit
Lebanon-based BLOM Bank is studying sale of its stake in BLOM Bank Egypt as part other strategic options amid the…
BLOM Bank Egypt temporarily closes New Cairo office as employee suspected of having…
BLOM Bank Egypt, part of Lebanon’s lender BLOM, said on Sunday its New Cairo office would be temporarily closed as…
Arope Insurance of Properties-Egypt profits at $1.4 mln in FY2019
Arope Insurance of Properties and Liabilities - Egypt posted profits worth 23 million Egyptian pounds ($1.4…
BLOM Bank-Egypt launches asset management unit
BLOM Bank Egypt, the Egyptian arm of Lebanon’s lender BLOM, has recently launched its asset management unit, deputy…
BLOM Bank Egypt doubles Q1 profits to 222 mln pounds
BLOM Bank Egypt made a 99.7 percent rise in first quarter profits to record 222.045 million Egyptian pounds ($12.3…
Lebanon’s Blom Bank: 2016 profits rise 44.9% in Egypt
Blom Bank Egypt, the Egyptian arm of Lebanon’s bank Blom, says profits have risen 44.9 percent to record 539…
Egypt pound vs dollar in interbank trade at 18 banks
US dollar traded to an average of 15 for buying and 15.65 for selling to Egyptian pound in interbank dealings on…
Dollar further fell against Egypt pound at early interbank trade
Dollar trade further dropped to an average below of 14 level for buying and below 16 for selling to Egyptian pound…
Dollar slips against Egypt pound at early interbank trade after IMF loan approval
Dollar trade fell to an average below of 16 level to Egyptian pound in four banks during early interbank dealings…
Dollar calms against Egypt pound following IMF $12 billion bailout approval
US dollar trade calmed significantly against Egyptian pound in 19 banks during interbank dealings in Egypt on…
Dollar stablises against Egypt pound at interbank trade
Dollar stablised against Egyptian pounds in 19 banks during interbank dealings on Thursday. For the biggest banks…
Dollar rises against Egypt pound in 7 banks at early interbank trade
Dollar edged higher against Egyptian pound in seven banks in early interbank dealings on Tuesday. The seven banks…
UPDATE: Egypt pound vs dollar in 20 banks at post-free floating trade
Dollar has continued its rise against Egyptian pound during interbank dealings on Monday. Pound was quoted at 17.5…
As post-free float trading begins, get to know dollar prices in 16 Egypt banks
Egyptian banks start trading currency on Sunday without central bank restrictions for the first time after policy…
Sisi’s Long Live Egypt launches savings certificates in six banks
The Long Live Egypt Fund (Tahya Misr), a fund created by Egyptian President Sisi to assist national economy, has…
Blom Bank Egypt says may launch products to support national currency
Blom Bank Egypt is studying the launch of new savings certificates for Egyptian pounds with a high interest rate to…
Blom Bank Egypt eyes opening 6 new branches by Q1 2016
Blom Bank Egypt targets opening six new branches till the first quarter of 2016 to join its current 37…
Blom Bank Egypt receives 170 applications for Mortgage Finance
Blom Bank Egypt has received 170 applications from its clients to get mortgage after joining Central Bank of…
Blom Bank Egypt opens 5 New Mini-branches in 2015: CEO
Blom Bank Egypt intends to expand its credit portfolio and the number of its branches in 2015, according to Mohamed…
Blom Bank Eyes CBE’s Licence to Launch 3 More Branches in 2015
Blom Bank Egypt is seeking to obtain the central bank's approval to inaugurate further three new branches within…
11 Egyptian Banks ink Protocol for Affordable Housing Initiative
Egypt's Mortgage Finance Fund signed today protocols of cooperation with 11 local banks to support low-income…
Blom Bank Egypt’s Personal Loans Inched to EGP931mln at March-End
Blom Bank Egypt's personal loans registered around EGP931.636million at March-end in compared to EGP864.365million…
Blom Bank Egypt Registers EGP70.75mln Profits in March-End
Blom Bank Egypt attained EGP70.754 million net profits at the end of March 2014, in compared to EGP36.002million at…