Sunday 2 August 2015
 
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Arab Banking Corporation

ABC announces $96m net profit in H1

Bahrain-based Arab Banking Corporation (ABC) reported a consolidated group net profit of $96 million for the first half of 2015, 30 per cent lower compared to a profit of $137 million reported in the first half of last year. ABC a

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Arab Banking Corporation rebranded Bank ABC

Arab Banking Corporation (ABC) has revamped its corporate identity and changed its brand name to Bank ABC in time for its 35th anniversary celebrations. The change to a single, unifying global brand name and corporate i

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Arab Banking Corp Q1 profit hits $52m

Bahrain-based Arab Banking Corporation (ABC) announced today (April 30) that its consolidated Group net profit for the first quarter (Q1) of 2015 was $52 million, compared to profit of $71 million reported last year. The quarter w

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Bahraini bank ABC upsizes loan facility to $750m

Bahrain's Arab Banking (ABC) has signed to obtain a $750 million three-year loan facility from a group of banks, expanding the facility from an originally planned $500 million. The facility, to be arranged by HSBC, National Bank of

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Bahraini lender ABC names finance chief

Bahrain-based Arab Banking Corporation (ABC) said it has appointed Brendon Hopkins as group chief financial officer, who will replace the retiring incumbent Roy Gardner. The appointment of Hopkins, who spent 18 years at Standard C

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Arab Banking net profit up 27pc

Arab Banking Corporation (ABC) has reported a 27 per cent increase in consolidated net profit for the first quarter at $71 million, compared with $56 million registered in the first quarter of last year. The business volumes grew

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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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