BLOM Bank Preferred (BLP11P)

BLOM Bank SAL, together with its subsidiaries, engages in the provision of retail, commercial, investment, and private banking services in Lebanon, Europe, the Middle East, and North Africa. It operates in four segments: Treasury; Corporate Banking; and Asset Management and Private Banking. The Treasury segment offers various treasury and investment products and services to investors and other institutional customers. The Corporate Banking segment provides payroll, business, and current accounts, as well as loans and other credit facilities, trade finance, and foreign exchange services for corporate and institutional customers. The Retail Banking segment offers deposits, housing loans, personal loans, car loans, credit cards, funds transfer, and foreign exchange services, as well as other branch related services to meet the personal banking and consumer finance needs of individuals. The Asset Management and Private Banking segment provides investment products and services to institutional investors and intermediaries. The company also offers life and personal accident, healthcare, motor, marine, property, liabilities, cyber, money, direct, and Takaful insurance products and services. In addition, it provides prepaid card, payment, custody, online banking, and Islamic banking products and services; offers equity and debt capital markets advisory and brokerage services; and engages in sponsoring, structuring, and managing selected real estate projects spanning across retail, commercial, and residential markets. The company was formerly known as Banque du Liban et d'Outre-Mer and changed its name to BLOM Bank SAL in December 2000. BLOM Bank SAL was incorporated in 1951 and is headquartered in Beirut, Lebanon.