BLOM Bank France

The net improvement of our results on a consolidated basis by about 26 %, to reach 19.45 million Euros at end 2016, is mainly due to the improvement of our operations in Dubai reaching 40 % and to a write back of provisions, as a result of a special recovery effort.

The consolidated balance sheet revealed total footings of EUR 2409 million compared to EUR 2235 million at the end of 2015.

Customer loans increased by 18.07 % to EUR 742 million compared to EUR 628 million at the end of 2015.The bonds portfolio amounted to EUR 192 million compared to EUR 199 million in 2015.

Customer deposits increased by 11.36 % to EUR 1706 million compared to EUR 1532 million in 2015. Taking into account the fiduciary deposits of BLOM BANK Switzerland, which are not included in the aforementioned .gures, as well as securities that are managed by BLOM BANK Switzerland in addition to BLOM BANK France, the total customer funds amounted to EUR 2545 million compared to EUR 2338 million at end 2015.