- BLOM Bank strives to overcome numerous challenges to maintain its leading retail banking position
- The bank continuously develops new products and services to provide customers with better banking experience
- The bank has successfully converted more clients to use digital channels as part of digital roadmap
Dubai, March 21st, 2019 - BLOM Bankwas awarded Best Retail Bank in Lebanon at The Asian Banker International Excellence in Retail Financial Awards 2019. The awards ceremony was held in conjunction with The Excellence in Retail Financial Services Convention 2019at Conrad Dubai, U.A.E on March 21st, 2019.
In the picture: Members of the International Advisory Council of Excellence in Retail Financial Services Awards Programme; Wilson Chia and Richard Hartung; John Holder, Chief Technologist, Realities Centre; Spiros Margaris, Founder, Margaris Ventures; Jocelyne Chahwan, Deputy General Manager, Head of Retail Banking, BLOM Bank
BLOM Bank strives to overcome numerous challenges to maintain its leading retail banking position
Operating in a small jurisdiction like Lebanon, BLOM Bank highlighted lending related challenges as the Lebanese pound depreciated heavily against USD. However, the bank still maintained a growth rate of 7% in its risk adjusted revenue in 2018. The bank’s return on average retail assets was lower at 2.62% for retail businessbut was still higher than overall bank’s 1.42%. The bank retains the largest market share in consumer banking of 12.2% in Lebanon among rest of the banks.
The bank continuously developsnew products and services to provide customers with betterbanking e...
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- BLOM Bank strives to overcome numerous challenges to maintain its leading retail banking position
- The bank continuously develops new products and services to provide customers with better banking experience
- The bank has successfully converted more clients to use digital channels as part of digital roadmap
Dubai, March 21st, 2019 - BLOM Bankwas awarded Best Retail Bank in Lebanon at The Asian Banker International Excellence in Retail Financial Awards 2019. The awards ceremony was held in conjunction with The Excellence in Retail Financial Services Convention 2019at Conrad Dubai, U.A.E on March 21st, 2019.
In the picture: Members of the International Advisory Council of Excellence in Retail Financial Services Awards Programme; Wilson Chia and Richard Hartung; John Holder, Chief Technologist, Realities Centre; Spiros Margaris, Founder, Margaris Ventures; Jocelyne Chahwan, Deputy General Manager, Head of Retail Banking, BLOM Bank
BLOM Bank strives to overcome numerous challenges to maintain its leading retail banking position
Operating in a small jurisdiction like Lebanon, BLOM Bank highlighted lending related challenges as the Lebanese pound depreciated heavily against USD. However, the bank still maintained a growth rate of 7% in its risk adjusted revenue in 2018. The bank’s return on average retail assets was lower at 2.62% for retail businessbut was still higher than overall bank’s 1.42%. The bank retains the largest market share in consumer banking of 12.2% in Lebanon among rest of the banks.
The bank continuously developsnew products and services to provide customers with betterbanking e...
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