Company type | Bahraini Shareholding Company |
---|---|
BHSE:ABC | |
Industry | Banking |
Founded | January 17, 1980 |
Headquarters | Manama, Bahrain |
Key people | Saddek Omar El Kaber (Chairman) Sael Al Waary (GCEO) |
Products | International wholesale Commercial banking Universal banking Retail banking Corporate finance Islamic banking Treasury |
Revenue | US$ 888.0 million (2014)[1] |
US$ 256.0 million (2014) | |
Total assets | US$ 29.4 billion (2014) |
Website | www |
Arab Banking Corporation (also called Bank ABC) is an international bank with headquarters in the Diplomatic Area of Manama, Bahrain. It was incorporated as a joint stock company in 1980 through a special decree by the Amir of Bahrain. It obtained an offshore banking unit licence from the Bahrain Monetary Agency on 7 April 1980, and began operations in the same month. The bank is listed on the Bahrain Bourse and its major shareholders are the Central Bank of Libya (59.37%) and Kuwait Investment Authority (40.63%). Its network spreads across 17 countries in the Middle East and North Africa (MENA), Europe, the Americas and Asia. It is expanding its retail banking network in the MENA region.
Bank ABC is a provider of trade finance, treasury, project and structured finance, syndication, corporate and institutional banking as well as Islamic banking services.