Who owns BLOM BANK?
Ownership. As of September 2023, BLOM Bank is primarily owned by The Bank of New York (34. Banorabe S. A. SPF (18. Azhari Family (7. Chaker Family (4. Saade Family (2. Jaroudi Family (2. Khoury Family (1. About BLOM Bank s. BLOM Bank sal is a leading regional bank with a Head Office based in Lebanon. BLOM’s spread has extended to reach several countries. Currently, BLOM is present in Lebanon, Syria, Jordan, Egypt, Romania, Cyprus, Switzerland, France, The United Arab Emirates, London, KSA and Qatar.
What is the history of BLOM Bank?
BLOM BANK started operating in 1951 in Beirut. Its establishment coincided with a booming period in the banking sector in Lebanon. One of the founders was Hussein Al Oweini, a Lebanese politician and businessman. By 1953, BLOM BANK started expanding and opened a branch in Jeddah, KSA. Salim G. Sfeir has held the position of Chairman and Chief Executive Officer of Bank of Beirut since 1993; after acquiring a minor banking institution with 5 branches ranked 35th by assets in the Lebanese banking sector along with a group of seasoned investors.