Lebanon’s Blom Bank sees “significant growth” from Egypt arm

Lebanon’s Blom Bank is seeing “significant growth” from its arm in Egypt this year, Chairman Saad Azhari said yesterday, according to Reuters’ Arabic service. As a whole, the bank expects to see a minor increase in its profits, according to the chairman. Azhari had previously given props to Egypt’s improving economic climate, which he said has been driving the bank to open new branches and offer more services.