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Bank ABC has reported a 53% jump in its annual net profit attributable to its shareholders which soared to $235 million on the back of strong core business growth and a stable funding base, combined with interest rate tailwinds and steady cost of credit.
Bank ABC has reported a 53% jump in its annual net profit attributable to its shareholders which soared to $235 million on the back of strong core business growth and a stable funding base, combined with interest rate tailwinds and steady cost of credit.
Bank ABC (Arab Banking Corporation) has announced that its net profit for 2022 rose to $154 million, up 54% over the previous year, while its total operating income crossed the historic $1 billion mark with a significant 29% headline growth.
Bank ABC (Arab Banking Corporation) said it has completed the legal merger of its two Egyptian subsidiaries - Blom Bank Egypt and Bank ABC Egypt. The merger comes following the Bahraini bank’s acquisition of a 99.5% stake in Blom Bank Egypt last year.
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 ...