Arab Banking Corp (BSc) - Company Profile
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Arab Banking Corp (BSc) (ABC), a subsidiary of Central Bank of Libya, is a provider of banking products and related financial services. The bank along with its subsidiaries offers a diverse array of retail, commercial, international, and wholesale banking and treasury products with a prime focus on individuals, corporates, and commercial and institutional customers. Its portfolio of offerings consists of project and structured finance, trade finance, corporate banking, and Islamic banking products. ABC offers treasury products such as foreign exchange, structured products, money market services, corporate hedging services, derivatives, and asset management services. The bank operates through a network of branch offices in 15 countries across the Middle East, North Africa, Europe, the Americas, and Asian region. ABC is headquartered in Manama, Bahrain.
Headquarters
Bahrain
Address
Building 152, Abc Tower, Road 1703, Diplomatic Area, P.O.Box 5698, Manama, 317
Website
www.bank-abc.com
Telephone
973 1 7543000
No of Employees
1,798
Industry
Financial Services
Ticker Symbol & Exchange
ABC (BSH)
Revenue (2022)
$3.4B
44.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
52.6%
(2022 vs 2021)
Market Cap*
$995.2M
Net Profit Margin (2022)
XYZ
5.8%
(2022 vs 2021)
* As of and is in US$
Arab Banking Corp (BSc) premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Accounts and Deposits: | Safe Deposit Boxes | Alburaq |
| Current | Islamic Commercial Banking | ABC Bank |
| Saving | Investment Banking | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Others | In July, the bank was affirmed with Long-Term Issuer Default Rating of BB+ with stable outlook by Fitch rating. |
| 2023 | Contracts/Agreements | In March, the bank partnered with Temenos and NdcTech for the development of Next-Generation Core Banking Platform. |
| 2023 | Acquisitions/Mergers/Takeovers | In January, Bank ABC Egypt and BLOM Bank Egypt got merged. |
Competitor Comparison
| Key Parameters | Arab Banking Corp (BSc) | Mashreqbank PSC | Ahli United Bank BSc | National Bank of Bahrain BSc | Al Salam Bank BSC |
|---|---|---|---|---|---|
| Headquarters | Bahrain | United Arab Emirates | Bahrain | Bahrain | Bahrain |
| City | Manama | Dubai | Al Seef | Manama | Manama |
| No. of Employees | 1,798 | 1,913 | 4,304 | 561 | - |
| Entity Type | Public | Public | Private | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Saddek Omar El Kaber | Chairman | Executive Board | - | - |
| Mohammad Abdulredha Saleem | Deputy Chairman | Executive Board | 2019 | - |
| Brendon Hopkins | Chief Financial Officer - Group | Senior Management | 2014 | - |
| Johan Hundertmark | Chief Auditor- Group | Senior Management | 2016 | - |
| Ismail Mokhtar | Chief Operating Officer - Group | Senior Management | 2019 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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