One of the bank’s main competitors is the Bahraini Arab Banking Corporation, ABC. The Lebanese Blum Group needs about $ 240 million to increase its capital to comply with the instructions of the Lebanese government, which prompted it to announce the sale of its units in Egypt, whose profits account for about 46% of the group’s total profits. Blum Misr started operating in 2005 and the number of its branches in Egypt currently stands at 41, and the paid-up capital of the bank is EGP 2 billion, “$ 126 million.
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