Wednesday 13 November 2024
 
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Bank ABC

Bank ABC 9-month net profit up 17% to $215m

Bank ABC (Arab Banking Corporation) continued its strong performance reporting a net profit of $215 million for the 9-month period ended September 30, a 17% growth over the corresponding period last year.   Bank

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Bank ABC posts robust H1 growth; net profit up 24pc

Bahrain-based Arab Banking Corporation (Bank ABC) has announced that it continues to deliver strong performance for the first half with an H1 net profit of $150 million, up 24% growth over last year's figure of $121 million driven by a com

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Bank ABC allocates $2.3bn to sustainable finance in 2023

Bank ABC allocated $2.3 billion or 12% of its lending portfolio to sustainable finance in 2023.   In addition to increasing investment in ESG initiatives and community partnerships, the bank proactively reduced i

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Bank ABC allocates $2.3bn to sustainable finance in 2023

Bank ABC allocated $2.3 billion or 12% of its lending portfolio to sustainable finance in 2023.   In addition to increasing investment in ESG initiatives and community partnerships, the bank proactively reduced i

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Bank ABC approves cash dividends of $70m, a 50pc rise YoY

Bank ABC, a leading Mena bank, has received shareholders’ approval for a total dividend cash payout of $70 million (30% of net profits) and Additional Tier 1 (AT1) capital issuance of up to $400 million to support future growth.

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Bank ABC wins 2 prestigious awards from EMEA Finance

Leading Mena international banking group, Bank ABC, has won two prestigious awards at EMEA Finance’s Treasury Services Awards 2023.    The bank won the ‘Best Cash Management Services in the Middl

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Bank ABC Islamic 2023 net profit rises 19.4pc to $46.3m

Bank ABC Islamic has seen its 2023 net profit rise 19.4% to $46.3 million from $38.8 million in 2022. Total operating income before credit losses stood at $59.4 million, 28.7% higher on a year-on-year basis.   Th

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Bank ABC net profit for 2023 surges 53% to $235m

Bank ABC (Arab Banking Corporation) 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 rat

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Bank ABC closes a $27.1m green credit facility for SPMC

Bank ABC has successfully closed a EUR24.9 million ($27.1 million) sustainability linked credit facility for Saudi Paper Manufacturing Company (SPMC), a listed manufacturing entity. The financing is backed by the Italian Export Credit Agency s

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Bank ABC closes a $27.1m green credit facility for SPMC

Bank ABC has successfully closed a EUR24.9 million ($27.1 million) sustainability linked credit facility for Saudi Paper Manufacturing Company (SPMC), a listed manufacturing entity. The financing is backed by the Italian Export Credit Agency s

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