BLOM Bank s.a.l.

completed

BLOM Bank S.A.L (formerly Banque du Liban et d’Outre Mer) was established in 1951, and is one of the oldest banks in Lebanon. Original core group of shareholders still holds the majority of shares. BLOM Bank is the largest bank in Lebanon in terms of assets, customer deposits and capital funds. It has a number of subsidiary banks and foreign branches, including BLOM Bank France (with overseas branches in London, Dubai, Sharjah and a wholly owned subsidiary in Switzerland) and Bank of Syria and Overseas. BLOM Lebanon operates a network of 47 branches in Lebanon, as well as 5 international branches – one in Syria, one in Cyprus, two in Jordan, and one in Damascus, and has a wholly owned subsidiary in Egypt (BLOM Bank Egypt). Furthermore, in Lebanon, the Group’s holdings include AROPE Insurance Company, an investment bank BLOMINVEST Bank and BLOM Development Bank. The Bank continues its policy of diversifying its services and developing corporate, retail and private banking, which are crucial elements within the Bank''s strategy.The purpose of this project is to increase access to finance to private sector companies and individuals who were adversely affected directly and indirectly as result of the conflict suffered Lebanon. The project is part of the Lebanon Rebuild Program involving up to 5 banks for a total of $200 million to be mobilized support to private sector enterprises affected by the conflict. Along with the Credit Lines in total amount of $100-$125 million to support corporate clients, the Program also offers a SME Risk Management Facility in a total amount of $75-$100 million.