Wednesday 3 September 2014
 
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Arab Banking Corp

ABC to raise $500m loan, picks arrangers

Bahrain's Arab Banking Corp chose four banks to arrange a $500 million loan of three years duration, a statement from the lender said on Thursday, with funds to be used for general business purposes. The facility, to be arrang

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ABC Q1 profit up 13pc to $54m

Arab Banking Corporation (ABC) today announced that its consolidated group net profit for the first quarter increased 13 per cent to $54 million. Operating revenues rose to $214 million, a 9 per cent growth over the first quarter of last y

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Arab Banking Corp names new chairman

Bahrain-based Arab Banking Corporation (ABC) has announced the appointment of Central Bank of Libya governor Saddek El Kaber as chairman of its board. El Kaber, prior to his appointment as the Central Bank of Libya governor in September, w

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ABC profit jumps 55pc to $116m in H1

Arab Banking Corporation today announced that its consolidated group net profit for the first half-year of 2011 increased 55 per cent to $116 million, compared to the same period last year. Net profit for the second quarter was $68 millio

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Arab Banking Corp buys stake in Libya bank

Libya-based Mediterranean Bank said on Tuesday it had sold a 49 per cent stake in itself to Bahrain-based Arab Banking Corp for 74 million dinars ($59 million). Mediterranean Bank said it had signed the deal on Dec. 12 after raising its ca

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Arab Banking swings to Q4 profit

Bahrain-based Arab Banking Corp on Thursday swung back to a fourth-quarter profit, while its shareholders approved a planned capital hike. The bank said net profit in the three months ending December 31 was $42 million, compared with a $28

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ABC closes $475m Jordan water project deal

Arab Banking Corporation (ABC), a Bahrain-based international bank, said it has successfully closed a $475 million financing deal for Amman-based Disi Water Company (Diwco) to fund a wellfield and water pipeline project. Diwaco i

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