Bank ABC posts strong Q4 results; net profit hits $282m MANAMA, February 19, 2021 Bahrain-based Arab Banking Corporation (Bank ABC) said it had recorded strong underlying operating performance in 2020 despite market factors resulting in a net profit of $282 million compared to $351 million in 2019.
Announcing its results for the year ended December 31, 2020, Bank ABC said the year was like no other, impacted by unprecedented and deeply challenging conditions.
The group had a strong start to the year supported by a robust balance sheet, good client transaction pipeline and a clear plan for growth driven by our digital agenda and wholesale bank transformation, it stated.