{"id":650573,"date":"2017-03-27T04:11:16","date_gmt":"2017-03-27T04:11:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/27\/blom-bank-egypt-records-revenue-growth-in-2016\/"},"modified":"2017-03-27T04:11:16","modified_gmt":"2017-03-27T04:11:16","slug":"blom-bank-egypt-records-revenue-growth-in-2016","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/27\/blom-bank-egypt-records-revenue-growth-in-2016\/","title":{"rendered":"Blom Bank Egypt records revenue growth in 2016"},"content":{"rendered":"

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<\/a>. 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<\/a>. 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<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/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-650573","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"98b6cbe8-5ae6-426f-b2bc-4ba5550d3687","order":"0","is_powered_by":true,"section_story_id":"14fbb05e-e30e-4992-8cfb-36d328300b0e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[650529],"teaser":"","voice_url":""},"yoast_head":"\nBlom Bank Egypt records revenue growth in 2016 - 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\/2017\/03\/27\/blom-bank-egypt-records-revenue-growth-in-2016\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blom Bank Egypt records revenue growth in 2016\" \/>\n<meta property=\"og:description\" content=\"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 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/27\/blom-bank-egypt-records-revenue-growth-in-2016\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-27T04:11:16+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\/2017\/03\/27\/blom-bank-egypt-records-revenue-growth-in-2016\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/27\/blom-bank-egypt-records-revenue-growth-in-2016\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Blom Bank Egypt records revenue growth in 2016\",\"datePublished\":\"2017-03-27T04:11:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/27\/blom-bank-egypt-records-revenue-growth-in-2016\/\"},\"wordCount\":81,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/27\/blom-bank-egypt-records-revenue-growth-in-2016\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/27\/blom-bank-egypt-records-revenue-growth-in-2016\/\",\"name\":\"Blom Bank Egypt records revenue growth in 2016 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-03-27T04:11:16+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/27\/blom-bank-egypt-records-revenue-growth-in-2016\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/27\/blom-bank-egypt-records-revenue-growth-in-2016\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/27\/blom-bank-egypt-records-revenue-growth-in-2016\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blom Bank Egypt records revenue growth in 2016\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Blom Bank Egypt records revenue growth in 2016 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/27\/blom-bank-egypt-records-revenue-growth-in-2016\/","og_locale":"en_US","og_type":"article","og_title":"Blom Bank Egypt records revenue growth in 2016","og_description":"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. 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The shareholders sold 298.62 mn of Blom Bank Egypt\u2019s 300 mn shares to the Gulf lender\u2026","rel":"","context":"In "SPEED ROUND: M&A WATCH"","block_context":{"text":"SPEED ROUND: M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/392.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597115,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/16\/rayas-microfinance-arm-aman-in-negotiations-eyes-egp-500-mn-in-loans-from-five-banks\/","url_meta":{"origin":650573,"position":1},"title":"Raya\u2019s microfinance arm Aman in negotiations eyes EGP 500 mn in loans from five banks","author":"enterpriseam admin","date":"16 July 2019","format":false,"excerpt":"Raya Holding\u2019s microfinance subsidiary Aman is seeking to borrow EGP 500 mn from CIB, Suez Canal Bank, Attijariwafa Bank, Blom Bank Egypt, and United Bank, Chief Financial Officer Ayman Bassiouny told Mubasher. The company hopes to borrow EGP 100 mn from each bank, having already obtained EGP 500 mn in\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559320,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/18\/and-scene-act-i-of-the-great-lebanese-bank-sell-off\/","url_meta":{"origin":650573,"position":2},"title":"And, scene: Act I of the Great Lebanese Bank Sell Off","author":"enterpriseam admin","date":"18 January 2021","format":false,"excerpt":"M&A WATCH- It\u2019s official: Blom Bank is selling its Egypt arm to Bahrain\u2019s Bank ABC in an EGP 6.7 bn transaction, the two parties confirmed in a statement yesterday after Reuters reported last week that the sale was wrapping up. The two hope to close the sale by the end\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\/2021\/1\/201.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578606,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/05\/bank-abc-and-blom-bank-egypt-are-now-one\/","url_meta":{"origin":650573,"position":3},"title":"Bank ABC and Blom Bank Egypt are now one","author":"enterpriseam admin","date":"5 January 2023","format":false,"excerpt":"Bank ABC and Blom Bank Egypt are now a single entity: Bahrain\u2019s Bank ABC has completed the legal merger of Bank ABC Egypt and Blom Bank Egypt, following its acquisition of 99.5% of Blom Bank Egypt, the buyer said in a statement yesterday.This has been at least two years in\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\/2023\/1\/92.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563725,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/14\/bank-abc-launches-blom-mto\/","url_meta":{"origin":650573,"position":4},"title":"Bank ABC launches Blom MTO","author":"enterpriseam admin","date":"14 July 2021","format":false,"excerpt":"Bahrain\u2019s Bank ABC has submitted a mandatory tender offer to acquire up to 100% of Blom Bank Egypt, the Financial Regulatory Authority (FRA) said (pdf) yesterday. The transaction would see the Gulf lender purchase up to 300 mn shares in Blom Egypt at EGP 22.33 apiece, valuing the business at\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\/2021\/7\/198.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559522,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/25\/bank-abc-isnt-yet-buying-bloms-ins-arm\/","url_meta":{"origin":650573,"position":5},"title":"Bank ABC isn\u2019t yet buying Blom\u2019s ins. arm","author":"enterpriseam admin","date":"25 January 2021","format":false,"excerpt":"Bank ABC could be getting majority stakes in Blom Bank subsidiary AropeIns. Egypt, Hapi Journal reports, citing unnamed sources with knowledge of the matter. 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