{"id":626805,"date":"2018-07-11T04:12:56","date_gmt":"2018-07-11T04:12:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/lebanons-blom-bank-sees-significant-growth-from-egypt-arm\/"},"modified":"2018-07-11T04:12:56","modified_gmt":"2018-07-11T04:12:56","slug":"lebanons-blom-bank-sees-significant-growth-from-egypt-arm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/lebanons-blom-bank-sees-significant-growth-from-egypt-arm\/","title":{"rendered":"Lebanon\u2019s Blom Bank sees \u201csignificant growth\u201d from Egypt arm"},"content":{"rendered":"

Lebanon\u2019s Blom Bank is seeing \u201csignificant growth\u201d from its arm in Egypt this year, Chairman Saad Azhari said yesterday, according to Reuters\u2019 Arabic service<\/a>. As a whole, the bank expects to see a minor increase in its profits, according to the chairman. Azhari had previously given props<\/a> to Egypt\u2019s improving economic climate, which he said has been driving the bank to open new branches and offer more services.<\/p>\n","protected":false},"excerpt":{"rendered":"

Lebanon\u2019s Blom Bank is seeing \u201csignificant growth\u201d from its arm in Egypt this year, Chairman Saad Azhari said yesterday, according to Reuters\u2019 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\u2019s improving economic climate, which he said […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626805","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"89d93ad0-bdb9-4507-860c-9043d3396999","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Lebanon\u2019s Blom Bank sees \u201csignificant growth\u201d from Egypt arm","related_issue":[626766],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.f9e9e67f-b202-41d6-bd4e-690024173c5c.mp3"},"yoast_head":"\nLebanon\u2019s Blom Bank sees \u201csignificant growth\u201d from Egypt arm - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/lebanons-blom-bank-sees-significant-growth-from-egypt-arm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lebanon\u2019s Blom Bank sees \u201csignificant growth\u201d from Egypt arm\" \/>\n<meta property=\"og:description\" content=\"Lebanon\u2019s Blom Bank is seeing \u201csignificant growth\u201d from its arm in Egypt this year, Chairman Saad Azhari said yesterday, according to Reuters\u2019 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\u2019s improving economic climate, which he said […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/lebanons-blom-bank-sees-significant-growth-from-egypt-arm\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-11T04:12:56+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/lebanons-blom-bank-sees-significant-growth-from-egypt-arm\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/lebanons-blom-bank-sees-significant-growth-from-egypt-arm\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Lebanon\u2019s Blom Bank sees \u201csignificant growth\u201d from Egypt arm\",\"datePublished\":\"2018-07-11T04:12:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/lebanons-blom-bank-sees-significant-growth-from-egypt-arm\/\"},\"wordCount\":80,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/lebanons-blom-bank-sees-significant-growth-from-egypt-arm\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/11\/lebanons-blom-bank-sees-significant-growth-from-egypt-arm\/\",\"name\":\"Lebanon\u2019s Blom Bank sees \u201csignificant growth\u201d from Egypt arm - 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According to Azhari, the bank expects its Egypt operations to see a 50% growth in profitability this year, and plans to increase its physical presence as well\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628573,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/08\/egypt-is-the-second-most-important-country-for-blom-bank\/","url_meta":{"origin":626805,"position":1},"title":"Egypt is the second most important country for Blom Bank","author":"enterpriseam admin","date":"8 May 2018","format":false,"excerpt":"Egypt is the second most important country for Blom Bank: Egypt is the second most important country for us, says Saad Azhari, Chairman of Lebanon\u2019s Blom Bank. In an interview with Bloomberg TV that mostly covered Lebanon, Azhari found time to hint at the company\u2019s expansions in Egypt, saying that\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/5\/1150.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561041,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/23\/bank-abc-is-within-arms-reach-of-blom-bank\/","url_meta":{"origin":626805,"position":2},"title":"Bank ABC is within arm\u2019s reach of Blom Bank","author":"enterpriseam admin","date":"23 March 2021","format":false,"excerpt":"Bahrain\u2019s Bank ABC is finalizing its acquisition of Lebanon\u2019s Blom Bank\u2019s Egypt arm after getting the green light from Bahrain and Lebanon\u2019s central banks, according to a report in Al Mal\u2019s print edition citing sources it says are in the know. ABC still needs to get the OK from the\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576246,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/17\/emirates-nbd-denies-reports-it-has-exited-the-race-to-buy-bloms-egypt-arm\/","url_meta":{"origin":626805,"position":3},"title":"Emirates NBD denies reports it has exited the race to buy Blom\u2019s Egypt arm","author":"enterpriseam admin","date":"17 November 2020","format":false,"excerpt":"M&A WATCH- Emirates NBD denies reports it has exited the race to buy Blom\u2019s Egypt arm: Sources at Emirates NBD have rejected claims that it has pulled out of the race to acquire Blom Bank Egypt and said the bank will submit an offer in the coming days, Hapi Journal\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/179.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576290,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/18\/bank-abc-confirms-its-still-in-for-blom-bank-egypt\/","url_meta":{"origin":626805,"position":4},"title":"Bank ABC confirms it\u2019s still in for Blom Bank Egypt","author":"enterpriseam admin","date":"18 November 2020","format":false,"excerpt":"M&A WATCH- Bank ABC is pushing forward with Blom Bank Egypt acquisition talks: The Arab Banking Corporation (Bank ABC) has confirmed it\u2019s still in talks with Lebanon\u2019s Blom Bank to acquire its Egypt branch, but added the standard disclaimer that \u201cthere is no certainty that any transaction will be completed,\u201d\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559279,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/17\/bank-abc-wins-bid-for-blom-egypt\/","url_meta":{"origin":626805,"position":5},"title":"Bank ABC wins bid for Blom Egypt","author":"enterpriseam admin","date":"17 January 2021","format":false,"excerpt":"Bahrain\u2019s Bank ABC will purchase the Egypt unit of Lebanon\u2019s Blom Bank for USD 480 mn in a transaction that includes the bank\u2019s physical and non-physical assets and customer accounts, Reuters reports, citing unnamed banking sources. 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