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#Bank ABC

Bank ABC Islamic announces 2021 year-end net profit to US$29.9 million

Bank ABC Islamic has announced its financial results for the year ending 31 December 2021. The Bank delivered strong performance in 2021, closing the year...

Bank ABC announces 2021 results, reports a net profit of US$100 million attributable to the shareholders of the parent

The Group delivered solid results during 2021, benefitting from a pick-up in activities across its core markets and much lower impairment charges. The current...

Arab Financial Services to raise US$ 98 million to support growth strategy

The shareholders of payment solutions provider and fintech enabler in the MEA region, Arab Financial Services Company (“AFS”)decided to increase the company’s authorised share...

Bank ABC Egypt appoints new MD and CEO

Arab Banking Corporation (“Bank ABC”) announced today the appointment of Amr Tharwat as new MD and CEO of its Bank ABC Egypt franchise. The...

Bank ABC expands presence in Egyptian market by closing the acquisition of BLOM Bank Egypt

Arab Banking Corporation (Bank ABC) today announced the completion of its acquisition of a 99.5% stake in BLOM Bank Egypt S.A.E. (BLOM Bank Egypt),...

Bank ABC enters agreement to acquire Blom Bank Egypt

Arab Banking Corporation (“Bank ABC”) announces that it has entered into an agreement with Blom Bank S.A.L. (“Blom Bank Lebanon”) on Friday 15 January...

Central Bank of Bahrain launches a first of its kind fintech platform to drive innovation in the region

The Central Bank of Bahrain, in cooperation with the Bahrain Economic Development Board, Bank ABC, ila Bank, BENEFIT, National Bank of Bahrain (NBB) and...

Bank ABC Magreb CEO to lead Tunisian economy as part of the new government

Bank ABC Group confirms that the Chief Executive Officer of the Bank’s Magreb region and Chief Executive of Bank ABC Tunisia, Mr. Ali Kooli,...

Bank ABC appoints Sedjwick Joseph as its new Group Chief Credit and Risk Officer

Bank ABC announces the appointment of Sedjwick Joseph as its new Group Chief Credit and Risk Officer. He had been serving as the Chief...

Bank ABC Group enters founding partnership agreement with Bahrain Fintech Bay

Bank ABC, along with its subsidiaries, the digital, mobile-only, ila Bank, and the MEA region’s leading payment solutions provider and fintech enabler, Arab Financial...

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