Blom Bank Egypt recorded revenues of EGP 539 mn in 2016 compared to EGP 372 mn in 2015, Managing Director and CEO Mohamed Ozalp said on Sunday, Al Borsa reports. The bank will be focused on expanding its domestic activities, which in the near term include a EGP 12 mn securities firm that will launch in May. BLOM Bank Egypt has also decided to raise its paid-in capital by around EGP 450 mn to EGP 1.7 bn, according to Al Borsa.

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