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…
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Blom Bank
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…
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…
First Abu Dhabi Bank reportedly to restart negotiations to buy Bank Audi’s Egypt unit
UAE's biggest lender, First Abu Dhabi Bank (FAB) plans to restart negotiations to buy the Egyptian unit of…
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…
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…
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…
Egypt’s policy measures improve banking but investments slow: BLOM official
Egypt's policy decisions last November to float the pound and subsequently raise interest rates have improved…
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…
Egyptian pound flotation poses challenges for banks’ 2016 financial positions
The decision of the flotation of the pound towards the end of last year affected all banks in the banking sector…
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…
Blom Bank-Egypt 2015 profit 47.6%
Egypt’s Blom Bank posts a 47.6 percent rise in net profit during 2015 to record 372 million Egyptian pounds ($42…
Blom Bank Egypt says may launch products to support national currency
Blom Bank Egypt is studying the launch of new savings certificates for Egyptian pounds with a high interest rate to…
Egypt’s Blom Bank Loans Inch to EGP3.7bn, Deposits EGP11.4bn in Sept
The total value of Blom Bank's loans and Facilities inched to EGP3.710 billion at the end of September 2014 against…
MetLife Alico Cooperates with AlexBank and Barclays for Bancassurance Activities
Egypt’s Pharaonic American Life Insurance Company- Alico (MetLife Alico) is aiming to obtain a regulatory approval…
4 Egyptian Banks Agree to Raise Mobinil’s Loan to EGP1bn
National Bank of Egypt (NBE), Industrial Development and Workers bank (IDWB), Egyptian Gulf Bank (EGB), Blom bank…
Blom Bank Eyes CBE’s Licence to Launch 3 More Branches in 2015
Blom Bank Egypt is seeking to obtain the central bank's approval to inaugurate further three new branches within…
2 Egyptian Banks, MIC plan EGP100mn Co. for Mortgage Lease
Misr Insurance Holding Company Chairman Dr. Mohamed Youssef revealed that Blom bank and Egyptian Gulf bank (EGB)…
Exclusive – Who’s Who to Adopt Bancassurance Services in Egypt
Amwal Al Ghad publishes the list of companies and banks that are granted the Egyptian regulatory approvals to apply…
Blom Bank Egypt Reports EGP 26 Mln Profit In Q1 2013
Blom Bank Egypt achieved profit of EGP 26 million in the first quarter of 2013, compared to EGP 4.9…
Blom Bank Egypt Hikes Capital By EGP 150 Mln
Blom Bank Egypt’s board of directors approved to raise issued and paid-up capital by EGP 150 million to reach EGP…
Blom Bank Egypt’s Loans Hit EGP 2.8 Bln At End-2012
Blom Bank Egypt’s portfolio of loans and credit facilities surged 4.5% (EGP 122.3 million) to reach EGP 2.8 billion…
Blom Contributes US$ 25 Mln To Loan For Egyptian Ethylene Co.
Blom Bank Egypt has approved to contribute US$ 25 million to the US$ 1.250 billion loan arranged by the National…
Blom Egypt 9-Month Profit Up 11.5%
Blom Bank Egypt achieved net profit of EGP 53.028 million at the end of last September, compared to EGP 47.504…
Blom Bank Egypt Considers Contributing To Loan For Ethylene
Blom Bank Egypt studies contributing between EGP 100-150 million to the US$ 1.250 million loan being arranged for…
Blom Bank Egypt Mulls EGP 250 Mln Capital Injection In 2013
Blom Bank Egypt considers increasing its issued and paid-up capital by EGP 250 million to reach EGP one billion by…
Returns On Savings Instruments Downed Due To Low Lending Rates
A number of bankers said that some banks have taken procedures to reduce interest rates on savings certificates as…
Demands For Loans Sharply Fell After Revolution: Mohamed Ozalp
Blom Bank Egypt was said to impose high interest rates at the time when most banks stopped offering loans, said…
Eight Lebanese Banks Among Top 1,000 In The World
In its 2012 survey of the world’s top 1,000 commercial banks, The Banker magazine included eight Lebanese banks on…
HSBC Cuts Audi’s Rating To ‘Neutral’
HSBC Lebanon downgraded its rating on Bank Audi’s stock to “Neutral’ from “Overweight,” but maintained its…
Fitch Drops Blom Bank’s Support Rating At ‘5’
Fitch Ratings has affirmed and simultaneously withdrawn Blom Bank's Support Rating at '5'. The affirmation reflects…
Ozalp: Revolution’s Implications Proved The Strength of Egyptian Banking System
Mohamed Ozalp, Managing Director of BLOM Bank Egypt, affirmed that the turmoil that followed last year’s 25th…
Lebanon’s BLOM Bank Q1 Profit Rises 2.5%
Lebanese lender BLOM Bank’s net profits in the first quarter of 2012 surged by 2.5 percent to $84.12 million…
Blom Bank Increases Its Share in Arope Insurance with 9.5%
Blom Bank increased its shares in Arope Insurance Group with 9.5%; 4.75% in Arope Property Insurance Company and…
Blom Bank Eyes A 13% Increase In Loans Portfolio
Blom Bank Egypt’s estimated budget shows that it plans to raise deposit and loans portfolio for this year, sources…