BLOM BANK s.a.l. is a prominent Lebanese bank established in 1951 and headquartered in Beirut. It provides a wide range of banking services, including commercial, corporate, private, investment, retail, Islamic banking, asset and wealth management, capital market services, and insurance products[1]. BLOM Bank is one of Lebanon's largest banks and has its shares listed on both the Beirut Stock Exchange and the Luxembourg Stock Exchange[1]. ### Key Features and History - Establishment and Expansion: BLOM Bank began operations in 1951 during a period of significant growth in Lebanon's banking sector. It expanded internationally early on, opening a branch in Jeddah, Saudi Arabia, by 1953[1]. - Global Presence: Today, BLOM Bank operates in 11 countries worldwide, catering to the financial needs of the Lebanese diaspora and beyond[1]. - Leadership: The bank has been led by notable figures such as Naaman Azhari, who became chairman of the board and general manager in 1971. His son, Saad Azhari, currently holds these positions[1]. - Acquisitions and Sales: In 2017, BLOM Bank acquired the Lebanese subsidiary of HSBC Bank Middle East. In 2021, it sold its Egyptian subsidiary to Bank ABC of Bahrain for $427 million[1]. ### Sustainability and Governance - UN Global Compact: BLOM Bank joined the UN Global Compact in 2014, committing to uphold its principles and support UN goals[1]. - Corporate Governance: It was the first bank in the Arab World to sign the Investors for Governance and Integrity (IGI) Declaration, emphasizing ethical practices and governance[1]. ### Ownership As of September 2023, BLOM Bank's major shareholders include The Bank of New York, Banorabe S.A., SPF, and the Azhari Family, among others[1]. ### Online Presence BLOM Bank maintains an official website and a LinkedIn page for corporate updates and engagement.