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
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
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
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
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
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
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.