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Blom Bank reports rising profits
- Lebanon: Sunday, November 01 - 2009 at 10:04
Lebanon-based lender Blom Bank has reported a 3.5% rise in its net profit for the first nine months of 2009, Reuters has reported. Net profit increased to $205m (Dhs752.3m) from $198m, customer deposits grew 16.1% to $17.5bn and total assets grew 13.8% to $20.3bn, compared with the same period in 2008. Las t week the bank launched its Qatari operation, and is now present in 12 countries throughout the Middle East and Europe.
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StaffSunday, November 01 - 2009 at 10:04 UAE local time (GMT+4)
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