BLOM sees growth in profits in first nine months

BLOM Bank reported a six percent increase in its net profit during the first nine months of the year to $251 million. The profit growth was attained despite additional provisions of $83 million, the bank said. Consolidated assets at the end of September stood at around $24.5 billion, up by five percent from end-2011. Deposits grew by five percent to $21.3 billion.