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Arab Banking Corp posts $56m Q1 profitBahrain-based Arab Banking Corporation (ABC) has announced that its consolidated group net profit for the first quarter of 2013 was $56 million, 4 per cent higher than the profit of $54 million reported in the first quarter of last year. More… |
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Arab Banking Corp names acting CEOArab Banking Corporation (ABC) said its board has appointed deputy chief executive Dr Khaled Kawan as the acting president and chief executive with immediate effect. To facilitate this change, Hassan Ali Juma will continue with AB More… |
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ABC president to step down in JulyArab Banking Corporation (ABC) has announced that Hassan Ali Juma is retiring as president and chief executive of ABC, effective July. Juma has played the role since April 2008. The board of directors praised More… |
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ABC net profit rises to $205mArab Banking Corporation (ABC) has announced that its consolidated group net profit for 2012 edged ahead to $205 million compared to $204 million in 2011. Total operating income amounted to $816 million as against $818 million in More… |
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Arab Banking Corp gets stable outlookFitch Ratings has upgraded Arab Banking Corporation's (ABC) long-term issuer default rating to BB+ from BB and viability rating to bb+ from bb with a stable outlook. The upgrades reflect ABC's strong capitalisation, comfortable liq More… |
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Arab Banking Corp 2011 net profit soars 43pcBahrain-based Arab Banking Corporation (ABC) has registered a consolidated group net profit of $204 million for 2011, 43 per cent higher than 2010. The surge was achieved despite the challenges from unprecedented adverse politica More… |
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ABC revamps European unitBahrain-based Arab Banking Corporation (ABC) has announced key changes in the top management team at its European subsidiary, ABC International Bank in London. William (Bill) Playle has been appointed as the new chief executive officer of More… |
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ABC joins BFX as trading memberThe Arab Banking Corporation (ABC), a Bahrain-based international bank, has become a trading member of the multi-asset Bahrain Financial Exchange (BFX). Amr Gadallah, group treasurer of ABC, said: “As a regional leader in multi More… |
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ABC nine-month profit surges 40pcBahrain-based Arab Banking Corporation (ABC) said its consolidated group net profit for the first nine months rose to $157 million, up 40 per cent over the same period last year. Announcing the results on Tuesday, ABC said the to More… |
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ABC Islamic Bank Q1 net surges 66pcABC Islamic Bank, a subsidiary of Bahrain-based Arab Banking Corporation, said its net profit for the first quarter rose 66 per cent to hit $3 million compared to $1.8 million last year. Announcing the results on Tuesday, ABC Islamic said More… |
