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Bank ABC approves $85m dividends for FY 2024Bahrain-based Bank ABC (Arab Banking Corporation) has announced that its board has secured approval from its shareholders for distribution of $85.1 million as dividends for FY 2024. This is approximately More… |
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Bank ABC announces its Sustainable Finance FrameworkBank ABC has announced the launch of its Sustainable Finance Framework, a comprehensive guide outlining the bank’s approach and methodology for sustainable finance. The framework establishes clear e More… |
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Bank ABC 9-month net profit up 17% to $215mBank 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 More… |
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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… |
