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Bank ABC posts robust H1 growth; net profit up 24pcBahrain-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 More… |
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Bank ABC allocates $2.3bn to sustainable finance in 2023Bank 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 More… |
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Bank ABC allocates $2.3bn to sustainable finance in 2023Bank 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 More… |
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Bank ABC approves cash dividends of $70m, a 50pc rise YoYBank 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. More… |
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Bank ABC wins 2 prestigious awards from EMEA FinanceLeading 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 More… |
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Bank ABC Islamic 2023 net profit rises 19.4pc to $46.3mBank 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 More… |
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Bank ABC net profit for 2023 surges 53% to $235mBank 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 More… |
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Bank ABC closes a $27.1m green credit facility for SPMCBank 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 More… |
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Bank ABC closes a $27.1m green credit facility for SPMCBank 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 More… |
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Bank ABC in deal to fund Majid Al Futtaim solar power projectsBank ABC, Mena’s international banking powerhouse headquartered in the Kingdom of Bahrain, has announced the signing of a financing agreement with Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle Ea More… |
