The parent company, BLOM BANK SAL, which holds 99% of the shares, despite the deteriorating situation in Lebanon, presented for the year 2007 improving financial results. All the subsidiaries of the Group have grown and the consolidated figures reflect strong growth levels.
BLOM BANK SAL, has been rated by Moody’s “Aa1,lb” the highest local financial strength rating.

Similar to the BLOM BANK FRANCE group, the other companies affiliated to BLOM BANK SAL, whether in Syria with Bank of Syria and Overseas or in Egypt with BLOM Bank Egypt, have maintained their growth.

The main characteristics of the parent company BLOM BANK SAL, on a consolidated basis for the financial year 2007 are the following:

	17% increase in the total Assets to USD 16.6 billion
	17% increase in deposits to USD 13.7 billion
	Net Profits of USD 204.7 million (increasing 13.5%)
	Capital adequacy Ratio more than double of the required ratio in Lebanon
	Capitalization (Tier I & Tier II Capital): to USD 1.4 billion

BLOM BANK FRANCE witnessed a prosperous year in 2007 where it attained new record figure and excellent financial indicators. This year was characterised by an exceptional growth of our business in the United Arab Emirates following economic boom witnessed in the country.

BLOM BANK FRANCE has the entire required tool to accompany the dynamism of the parent company, BLOM BANK, in its accelerated yet well-managed growth. Our excellent indicators (capital adequacy ratio, liquidity etc.) qualified staff, awareness concerning our customer base, limited risk, and monitored responsibilities constitute the pillars of our policy, in addition to our prudence regarding the unstable political environment in the Middle East.