At a ceremony held on May 8, 2018 at Grosvenor House, Dubai, hosting around 200 prominent bankers from across the region, Mr. Saad Azhari, Chairman and General Manager of Blom Bank, received “The Best Bank in Lebanon for 2018” award from the internationally renowned magazine Euromoney.
Euromoney commented that “Lebanon is always one of the world’s hardest banking awards to judge. While the banking sector remains a very competitive market, Blom Bank’s shares in Lebanon rose 16% over the period, and perhaps for good reason, as return on equity was once again the best in 2017. For the third year in a row Blom Bank is the winner – with more consecutive wins than anyone at Euromoney can remember.”
For his part, Mr. Azhari thanked Euromoney and said, “This award demonstrates once again the success of Blom Bank’s conservative banking model, in addition to its strategy of measured horizontal and vertical expansion and digital transformation, that helped shield the Bank from the continuing troubles in Lebanon and the region and maintain its growth and profitability.”