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CreditBank ramps up risk strategy

In a congested retail banking market in Lebanon, CreditBank is trying to stay ahead of its competition by upping its investment in risk analysis. CreditBanks deputy general manager for retail operatio…

Oman International linked with Oman unit of HSBC

Oman International Bank (OIB) is eyeing up a possible merger with the Oman business unit of HSBC HSBC is currently reviewing the extent of its Middle Eastern-based business operations, in particular i…

BLOM Bank posts 12.9% rise in FY10 net profit

Lebanon-headquartered BLOM Bank has posted a 12.9% increase in net profit to $330.7m for the 12 months to 31 December. Net interest income increased by 18.2% while net fees and commission income rose …

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