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Bank ABC Islamic posts H1 net profit of $19.2m

Bahrain-based Bank ABC Islamic has posted a net profit of $19.2million for the first half of the year reflecting the bank’s success in returning to normal performance after absorbing the one-off exceptional fraud related impairment in 2020. ....

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JPMorgan Chase joins Bahrain digital currency pilot

JPMorgan Chase joins Bahrain digital currency pilot
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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Joe Biden's Venmo use examined; Blockchain miners' green moves

Joe Biden's Venmo use examined; Blockchain miners' green moves
paymentssource.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from paymentssource.com Daily Mail and Mail on Sunday newspapers.

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JPMorgan Chase joins Bahrain digital currency pilot

JPMorgan Chase joins Bahrain digital currency pilot
paymentssource.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from paymentssource.com Daily Mail and Mail on Sunday newspapers.

Kingdom Of Bahrain , Vali Moosa , Sael Al Waary , He Rasheed Al Maraj , Arab Banking Corporation , Central Bank , Bahrain Based Bank , கிஂக்டம் ஆஃப் பஹ்ரைன் , அலி மூசா , அரபு வங்கி நிறுவனம் , மைய வங்கி , பஹ்ரைன் அடிப்படையிலானது வங்கி ,

Bank ABC Islamic Q1 net profit up 79%; tops $10m

Bank ABC Islamic Q1 net profit up 79%; tops $10m
MANAMA, 2 days
ago
Bahrain-based Bank ABC Islamic has posted a net profit of $10.4 million in the first quarter (Q1) of the year compared to $5.8 million reported in Q1 2020, marking an increase of 79.3% after the bank absorbed the fraud related losses in 2020.
Total operating income of $11.7 Million, 13% lower than the same period 2020 mainly on account of low profit rate environment and slightly lower fee income, a bank statement said.
Total operating expenses 13.6% lower than same period last year as a result of cost rationalization programs and staff / client activity not having reverted to pre-pandemic level, while balance sheet remains strong with capital adequacy ratio of 40.7%. ....

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