BLC Bank launches representative office in UAE

BLC Bank has officially launched its representative office in Abu Dhabi, marking its first appearance in the UAE markets.

The bank operates a network of thirty-five branches locally. It owns 95.6 percent of USB Bank, Cyprus which has a network of sixteen branches throughout Cyprus.

The bank’s consolidated assets rose by 5.4 percent during the first half of 2012 to $4.65 billion.