Key Updates

Nomo

We're excited that our parent, Boubyan Bank, has today announced the launch of Nomo a new UK-based, international Islamic digital bank that has been launched as part of BLME. Using cutting edge technology, the Nomo iPhone app provides a digital-first banking experience for customers in the Middle East with international banking needs. Our CEO, Andrew Ball, said that “Digitisation will enable customers in the Middle East to open and enjoy the benefits of a UK bank account in the knowledge that it also meets their Sharia principles and beliefs. “In Nomo, we have brought together an impressive team from global banks with a depth of experience in creating digitised banking systems. We have made substantial progress in a short period of time, and I look forward to working with the team as we continue to build the bank.”

A+ by Fitch Ratings 

We're delighted to have been assigned a Credit Rating of A+ by Fitch Ratings. This reflects the equalising of BLME's rating with that of its parent, Boubyan Bank. Christopher Power, Chief Financial Officer at BLME, said: "This is a strong vote of confidence in BLME and in the UK as a leading market for investors. It is good to see the ratings agency recognising the Bank's integral place in the Boubyan Group, as well as its important strategic role in building Boubyan's Private Banking and Wealth Management services to clients in the UK and the Middle East." 

Fraud Alert

At Bank of London and The Middle East (BLME), we have recently been alerted that a fraudulent Bond sale scam has targeted several of our customers and non-customers alike. This scam uses a variation of BLME’s details and has been offering fraudulent investments into various Bonds.

Please be informed that the bonds investment is not a product that BLME offers to our customers. If you receive unexpected correspondence from BLME, please check its validity by contacting us via email, or by checking our listed products and services.

If you feel you have received correspondence as detailed above, please contact Action Fraud, which is the UK's national reporting centre for fraud and cyber-crime.

For further information on how to protect yourself from scams and fraudulent activity, please read our stay safe online tips and the Financial Conduct Authority (FCA) website, which has information dedicated to protecting you from fraud.

Coronavirus (COVID-19)

In line with the latest Government guidance, BLME employees continue to work from home and we remain firmly focused on supporting our clients. We ask you to direct enquiries to your usual contact at the Bank or by emailing our dedicated teams. For enquiries on savings accounts please email: savings@blme.com. For general enquiries contact: info@blme.com.

We will continue to review our response to Covid-19 on a regular basis, and will keep you updated on any major changes. Read more on how we’re working with you through Covid-19.