BLOM Bank Releases its Non-audited Financials for Q3 2025

BLOM Bank published on 21 November, 2025 its non-audited financial results for Q3 2025. In its statement, Blom Bank said that “it is required to comply by all BDL circulars as stipulated in the Code of Money and Credit, especially article 208. As a result, the Bank has complied by these circulars when calculating expected credit losses in accordance to the specified ratios listed in Appendix 6 of BDL circular number 44, and as amended by the intermediate circular number 543 issued by BDL on February 3rd, 2020. It is necessary to point to the deteriorating economic and monetary situation in the markets, and the continued absence of agreement on an adequate financial rescue plan, make it very difficult to estimate the negative impact of the current crisis on the Financial Statements according to the international accounting standards”.

The Bank also noted that “these financial statements were published in accordance with the requirements of the circulars issued by the Central Bank of Lebanon and the Banking Control Commission. These figures should not be relied upon as a basis for any decision related to the Bank and must be read in conjunction with the complete set of financial statements and related disclosures as published on the Bank’s official website. Furthermore, these financial statements do not reflect any adjustments that may result from decisions issued by the Central Bank of Lebanon pursuant to Law No.330, dated December 4, 2024”.

As such, BLOM realized net losses of 63.36 million in Q3 2025 compared to net profit of $592.87 million in Q3 2024. This is due to the fact that BLOM Bank incurred losses from liquidating its excess FX position, at the exchange rate of 15,000 LBP per USD, in accordance with BDL intermediate circular 733 issued on 27/3/2025. As to assets, they stood at $17.99 billion, less by 0.23% from end 2024; deposits reached $16.14 billion, up by 0.70%; loans reached $1.01 billion, higher by 5.97%; and shareholders’ equity was $1.23 billion, down by 3.89%. Note also, that “the net Income for the year shown in the Profit and Loss Statement for 30/9/2024, is mainly unrealized Income obtained from the FX translation of Foreign Currency Monetary Assets and Liabilities to Lebanese Pound, for the accounts of banks and their affiliated subsidiaries in Lebanon, at the exchange rate set at the time of preparing the Financial Statements in accordance with the Circular No. 300 issued by Banking Control Commission on 27 November, 2023.