Thursday 24 April 2014
 
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Arab Banking Corporation

Arab Banking Corp announces key revamp

Bahrain-headquartered Arab Banking Corporation has revamped its group management structure in line with its regional strategy growth strategy.   ABC Group Chief Executive Officer (GCEO) Dr Khaled Kawan said the move is aimed a

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Arab Banking Corp net profit up17pc

Arab Banking Corporation (ABC) said its consolidated group net profit for 2013 surged 17 per cent to $239 million from $205 million the previous year. The Bahrain-based bank saw its total operating income soar to $857 million from

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Fitch ratings boost for ABC

Bahrain-based Arab Banking Corporation's (ABC) long-term issuer default rating (LT IDR) has been upgraded from "BB+" to "BBB-" and its viability rating (VR) from "bb+" to "bbb-" by Fitch Ratings.

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ABC Islamic Bank profit up 34pc

Arab Banking Corporation (ABC) said its Islamic unit has registered a 34 per cent jump in its net profit for the first nine months boosted by new customer acquisition and balance sheet growth. Announcing the results, the Bahrain-b

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ABC net profit rises 7pc to $112m in H1

Arab Banking Corporation (ABC) yesterday reported a seven per cent increase in its consolidated net profit to $112 million for the first half of the year, compared with $105 million for the same period last year. Net profit for th

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Arab Banking Corp wins trade finance honour

Bahrain-based Arab Banking Corporation (ABC) was recently named the “Best Trade Finance Bank in Bahrain for the year 2013” by New York’s Global Finance magazine. The magazine has selected the best trade finance b

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Arab Banking Corp posts $56m Q1 profit

Bahrain-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.

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Arab Banking Corp names acting CEO

Arab 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

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ABC president to step down in July

Arab 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

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ABC net profit rises to $205m

Arab 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

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