In March, Bemo
Securitization (BSEC) and BSFF announced two private placements of debt for the amounts of $21 million and $25 million for Dubai-based regional drilling rig subcontracting company Sakson Petroleum Services Holding, which they had been contracted to secure.
BLOM Bank posted the lowest loans-to-deposits ratio at 27.7 per cent, followed by Byblos Bank with a ratio of 30.8 per cent, Bank Audi with 39 per cent, Bank of Beirut with 39.4 per cent and BEMO
with a 49 per cent ratio.
At last week's PMI (Project Management Institute) Global Congress in Washington DC, that featured a keynote speech by former US President Bill Clinton, BeMo
- Project Intelligence made its official launch to over 3,000 project management specialists from around the globe.
Of the total subscribed amount, 309.67 per cent was covered through subscriptions that occurred in Banque Bemo
Saudi Fransi's branches.
BLOM Bank followed, with net profits of $179.22 million, representing a share of 32.85 percent of combined profits, followed by Bank of Beirut at 14.27 percent, Byblos Bank at 12.74 percent, BLC Bank at 4.26 percent and BEMO
Bank at 1.10 percent.
While a few key players like ProjectHosts, EPM Live are already in the burgeoning Microsoft Project Server 2010 hosting market, the BeMo
- Project Intelligence founders feel they will become a market leader by offering MS Project users a faster and easier user experience.
Fransabank Syria accounted for the highest share of all seven banks' profits (34.46 per cent), followed by Sharq Bank (30.52 per cent), Bank BEMO
Saudi Fransi (21.89 per cent), Bank of Syria & Overseas (13.82 per cent), Byblos Bank Syria (6.32 per cent), Bank Audi Syria (0.64 per cent), with Syria Gulf Bank being the only banking affiliate to report losses.
Securitization SAL and Bemo
Saudi Fransi Finance closed two private placements of debt for Sakson Group, for $21 million and $25 million respectively.
In fact, the financial results at end-June 2012 show that the combined profits of the five banks listed on the Beirut Stock Exchange (including Bank Audi, BLOM Bank, Byblos Bank, Bank of Beirut and BEMO
) reached $484 million in the first half of 2012, edging up 1.3 per cent from $477.8 million in the corresponding period of last year."
Deputy Executive Manager of Saudi --French Bemo
Bank in Syria Manar Tawakul said that the bank is a Syrian legally independent bank, adding that the performance and continuity of the banking operations in it will not be affected by the changing of its shareholders or the percentage of their ownership as the bank will remain committed to serve its customers on the best way as always.
In October 2009, BEMO
Securitization SAL successfully closed a $13.14 million auto loan securitization for RYMCO.