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Lebanon's Blom Bank H1 Profit Falls
Lebanon's Blom Bank Reports Q1 Profit Of $117.2 Mln
BLOM Bank Shareholders Approve FY Dividend
BLOM Bank SAL is a Lebanon-based bank that provides retail, commercial, investment and private banking activities, insurance and brokerage services. The Bank operates in four business segments: the Retail banking segment, which provides a diversified range of products and services, including deposits, housing loans, consumer loans, credit cards, funds transfers, foreign exchange and other branch related services to individual customers; the Corporate banking segment, which offers loans and other credit facilities, deposits and current accounts, trade finance and foreign exchange operations to corporate and institutional customers; the Treasury, money and capital markets segment, which is responsible for the liquidity management and market risk of the Bank, and managing the Bank’s portfolio of stocks, bonds and other financial instruments, and the Asset management and private banking segment, which provides investment products and services to institutional investors and intermediaries.
Blom Bank Building
Rashid Krm Str Vrdn Rad El-Slh
Saad Naaman Azhari
Chairman of the Board and General Manager
Talal A. Baba
Deputy General Manager, Chief Financial Officer
Adnan Al Araj
Regional Manager - Jordan
Numan W. Azhari
Chairman Of Blom Bank Group
Antoine N. Lawandos
Assistant General Manager, Chief Information Officer
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Lebanon's Blom Bank posted first-quarter net profit of $117.15 million on Thursday, marginally higher than a year before, while its assets were up just under 14 percent from the end of March 2018.
Lebanon's Blom Bank said on Wednesday its net profit climbed 5.2 percent in 2018 to $510.4 million, adding that it had maintained profitability despite a slowing economy, higher taxes and political paralysis.
Lebanon's Blom Bank said in a statement on Tuesday that its 9-month net profit rose 7.3 pct to $382.95 million from 2017. (Writing by Tom Perry; Editing by Kirsten Donovan)
Lebanon's Blom Bank said on Tuesday its first-half net profit rose 4.4 percent to $243.8 million.
Lebanon's BLOM Bank expects a slight improvement in its profit and balance sheet in 2018 and hopes a new government will be formed soon to implement economic reforms, its chairman and general manager said on Monday.
Lebanon's Blom Bank said on Monday that its first-quarter net profit was $116.83 million, up 4.28 percent from the same period of 2017, and that its assets had risen by 10.13 percent since the end of March 2017.
* BOARD PROPOSES TO PAY AN AMOUNT OF 1,700 LL (LESS THE TAX) AS FY DIVIDEND FOR EACH LISTED ORDINARY SHARE Source:(http://bit.ly/2n8ur6M) Further company coverage:
Lebanon's Blom Bank said on Tuesday its unaudited 2017 net profit rose by 4.7 percent to $484.7 million.
* NINE-MONTH NET PROFIT $356.9 MILLION, UP BY 3.73 PERCENT YEAR-ON-YEAR Further company coverage:
* H1 NET PROFIT INCREASED TO $233.5 MILLION, UP BY 3.03 PERCENT YEAR-ON -YEAR
* DECIDED TO DE-LIST 20 MILLION BLOM BANK PREFERRED SHARES CLASS 2011 FROM OFFICIAL MARKET OF STOCK EXCHANGE Source: (http://bit.ly/2n8ur6M) Further company coverage:
Lebanon's Blom Bank <BLOM.BY> said on Monday it had completed its acquisition of HSBC Bank Middle East Limited – Lebanon, a wholly owned subsidiary of HSBC Holdings <HSBA.L>.
The general manager of Lebanon's Blom Bank said on Monday he thinks "there will be a new wave of consolidation" in the country's banking sector.
Lebanon's Blom Bank reported a 3.5 percent year-on-year rise in first-quarter net profit, it said in a statement on Saturday.
* Shareholders approve dividend of 1425 pounds per common share for year 2016
Lebanon's Blom Bank is recommending a dividend of 1,500 Lebanese pounds ($1) per common share for 2016, up from 1,250 pounds a year earlier, after reporting a net profit of $463 million, it said in an emailed statement on Tuesday.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.