Who bought BLOM Bank Egypt?
Who bought BLOM Bank Egypt?
Bank ABC
Bank ABC bought 298.62 million of Blom Bank Egypt’s 300 million shares for $424.05 million, the Egyptian Exchange said on Monday. The Gulf lender had offered to acquire the local branch of the Lebanese lender for 22.33 Egyptian pounds ($1.42) per share, valuing the business at $427m.
Who owns BLOM Bank?
Latest News. Bahrain’s Arab Banking Corp (ABCB.BH) has completed the acquisition of a 99.5% stake in the Egyptian unit of Lebanon’s BLOM Bank (BLOM.BY), which will allow ABC to triple its market share and balance sheet in Egypt.
What do you know about BLOM Bank?
BLOM Bank Egypt is a commercial bank offering banking and financial services, with a paid up capital of EGP 3000 Million. It has a branch network of 41 branches covering Greater Cairo, Alexandria, Hurghada, Sharm El Sheikh, Damietta, Port Said, Mansoura, Ismailia, Tanta, El-Suez, El Dakahlia, and EL Minya.
How many banks are there in Egypt?
According to the Central Band of Egypt (CBE), the Egyptian banking system consists of 40 banks categorized as commercial, non-commercial public and private sector. ATM services are offered at all bank branches as well as many point-of-sale locations.
Who is Blom?
Blom is a Norwegian geographical information and offshore technology company. The company has offices in ten countries in Europe and offers a wide selection of geographical services, including maintaining a database. The company has its headquarters in Oslo, Norway and is listed on Oslo Stock Exchange.
Who owns Bank of Beirut?
BOBI has a share capital of LBP 30,000,000 shares with a par value of LBP 1,000 per share. The Bank owns 98 percent of the share capital of Bank of Beirut Invest s.a.l, the balance of 2% being owned by the directors. BOBI is a specialized bank governed by legislative decree no.
What is the meaning of Blom?
Blom is a Swedish, Danish, Norwegian and Afrikaans term for bloom or flower. In Dutch it is a variant of bloem meaning flour or flower.
Which is the biggest bank in Egypt?
National Bank of Egypt (NBE; Arabic: البنك الأهلي المصري) is a bank founded in Egypt in June 1898, and is the country’s largest bank (2013) in terms of assets, deposits, loans, bank-capital, number of total branches, and employees.
What is the oldest bank in Egypt?
the National Bank of Egypt
Established in 1898, the National Bank of Egypt is the oldest of banks in Egypt. The bank offers retail, corporate, and investment banking services.
What is the meaning of Blom in English?
Blom is a Swedish, Danish, Norwegian and Afrikaans term for bloom or flower. In German and among Ashkenazic Jews it is a variant of Blum meaning flower or bouquet.
What does Blom mean in South Africa?
Noun. blom (plural blomme, diminutive blommetjie) flower.
How many branches of Bank of Beirut are there?
Bank of Beirut’s network reaches 30 branches.
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