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Bank of London & The Middle East

General Information

Overview

BLME was incorporated in 2006 and launched in 2007 in the UK. It is part of Kuwaiti banking group Boubyan, following its successful acquisition in 2020, although Boubyan has held a stake in BLME since its inception. BLME is a Sharia compliant bank, one of three operating in the UK.

Banking Licence

BLME have their own banking licence which isn’t shared with any other banks

Registration Numbers

Companies House Number: 05897786 

Financial Conduct Authority: 464292

Based: London

Date Launched: July 2007

FSCS Protected? Yes

Branches: BLME does not have any branches

People of Interest

Head of Savings

Julie Yim

Chief Executive

Andrew Ball

Saving Information

No. of Savers

19,935 as at 31st December 2020

Amount of Deposits

£1.3bn as at 31st December 2020

Loan Book

£1.373bn as at 31st December 2020

Account Opening and Management

How Do I Open a Savings Account

Internet

How Do I Manage a Savings Account

Post, Telephone

 

Lending Activities

BLME have five principle areas of lending:

1)  Commercial Property Finance 

2)  Development Finance

  • Residential housing – financing residential property on a build to rent, and build to sell basis and also purpose-built student accommodation
  • Commercial property - financing out-of-town retail parks, multi-let industrial sites and office

3)  Residential Mortgages

4)  Aviation and Yacht Finance

5)  Holiday home finance

Reviews

Feefo Reviews

No reviews on Feefo

Savings Guru Verdict

BLME are the second largest Sharia bank in the UK and offer a range of fixed term deposits, ranging from 6 months to 7 years, via their Premier Deposit Account.  BLME added a 90 Day Notice Account to their range in November 2017.  Although its accounts can be opened online, they can only be managed by telephone, post or email contact with their savings team. 

They regular feature in our best buy tables with attractive savings rates but we have been unable to validate their customer service levels as there are no external sources to support this, good or bad

 

Contact Information for Bank of London & The Middle East

Contact Details

Address: 78 Cannon Street, London EC4N 6HL

Telephone: 020 7618 0000

Website: https://www.blme.com/

Email: savings@blme.com

Open: Monday to Friday, 9am - 5pm

About The Savings Guru

We help savers get the best deal for their money by providing unique insight in to the savings market.  We help prospective banks apply for a banking licence and we help build customer services, products and marketing for them.  We also work with existing banks and building societies to improve their savings propositions.  This  insider view of savings means we are uniquely placed to help savers.

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