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Blom bank expecting profits increase
- Lebanon: Wednesday, June 30 - 2010 at 08:41
Lebanese lender, Blom bank's profit in 2010 would increase compared with last year amid the sector's strong growth in the country, Reuters has reported. "We are expecting an increase in profits compared to last year," Saad Azhari, the bank's chairman and general manager told the news service. "This year we're expecting an increase in lending of 20%. In terms of deposits is somewhere between 10%-15%."
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