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
Trustpilot Reviews
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