Latest news with #BankABC
Zawya
14-07-2025
- Business
- Zawya
Bahrain: BBK successfully closes $500mln three-year club loan facility
Bahrain - BBK, a leader in retail and corporate banking in Bahrain, has successfully closed a $500 million three-year club loan facility, coordinated by the Arab Banking Corporation (Bank ABC). The facility will be used to fund BBK's strategic initiatives, support the growth of its business lines, and refinance its 2023 facility. In line with BBK's sustainability goals and its efforts to diversify its funding sources, the bank has structured the facility to include an option to convert the financing into a sustainability-linked loan. Bank ABC, DenizBank AG, Emirates NBD Capital Limited, First Abu Dhabi Bank, Gulf International Bank, and Standard Chartered Bank acted as Initial Mandated Lead Arrangers and Bookrunners (IMLABs) and Bank Muscat and Mashreqbank PSC as Initial Mandated Lead Arrangers (IMLAs) and Emirates NBD Bank (PJSC) acted as facility agent. On the occasion, Yaser Alsharifi, BBK's group chief executive, stated: 'The successful closing of this facility underscores BBK's robust financial standing and commitment to sustainable growth.' He noted that this is a major milestone considering the size of the facility, which doubled when compared to the $250m facility closed in 2023, with an extended three-year tenor when compared to the previous two-year tenor. Mr Alsharifi further expressed his gratitude to the participating banks and highlighted the strong relationship BBK maintains with its counterparts. He further emphasised that the larger size of the new facility reflects the bank's strong financial performance and market confidence in BBK's growth strategy. The participating banks also expressed their satisfaction with the successful closure of the transaction and wished BBK continued growth and prosperity. The facility is a testament to BBK's strategic vision and its ability to attract significant investment to support its long-term objectives. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Al Bawaba
14-07-2025
- Business
- Al Bawaba
Bank ABC recognised as the Best Bank in the Middle East for Transaction Banking by The Banker for a second time
Bank ABC has been recognised as the Best Bank for Transaction Banking in the Middle East by The Banker - Financial Times for a second time. This regional award is testament to the acceleration of Bank ABC's ambitious digital strategy. The Banker's highly coveted awards are an industry benchmark for banking excellence, adjudged by industry leaders and its top editors from the Financial ABC stood out for delivering an innovative corporate banking offering, enabling enhanced connectivity, and a seamless end-to-end digital customer experience. This encompasses the global rollout of a revolutionary Corporate Portal, leveraging cutting-edge, AI-driven technologies to offer a custom persona-based experience and instant access to the Bank's Trade, Supply Chain Finance and Cash Management products and on the Bank's major win, Bank ABC's Group CEO, Sael Al Waary remarked: "We are honoured to receive The Banker's Transaction Banking Award for the Middle East and would like to thank the Financial Times for this prestigious title. This esteemed recognition highlights our focused strategic transformation journey and our continued efforts to shape banking in the region as MENA's International Bank of the Future. Over the past year, we have accelerated the digitisation of our Wholesale Bank, enhancing our global network to provide our clients with a superior, highly personalised multi-experience platform. This achievement is a testament to the collaborative efforts of our team. I would like to sincerely thank them for their dedication and thank our clients for their unwavering trust.'Bank ABC serves clients in twenty-five markets through its international network spanning fifteen countries across MENA, Europe, the Americas and Asia. The Bank's growth strategy is well underway, centered around accelerating core performance, digitising its businesses and strengthening operational efficiency. The Bank has steadily expanded its footprint with its pivotal merger with BLOM Bank Egypt, integrating more than 18 business and support functions and expanding its market share in the the digital innovation front, the Bank continued to roll out its seamless digital corporate onboarding solution across 13 global units, enabling corporate clients to open an account with the Bank in less than eight hours, a tremendous reduction to the 60-day industry average. In addition, the Bank collaborated with the Central Bank of Bahrain and J.P. Morgan to launch a next-generation instant cross-border payment service, powered by blockchain and distributed ledger technologies, driving significant efficiencies in trade related payments. Building on recent achievements, Bank ABC continues to make an impact in the region's financial domain with next-level digital deliveries, growing financial performance and a new kind of banking for corporate customers to experience.
Saraha News
25-06-2025
- Business
- Saraha News
Bank ABC named ‘Best Digital Bank' and ‘Best Bank for Sustainable Finance' in Bahrain at Euromoney Awards for Excellence 202
Sarha news-Bank ABC, one of MENA's leading international banks, was awarded two prestigious awards for groundbreaking innovation in its corporate banking offering and driving impact in the region's sustainable finance landscape in the country Manama, Bahrain: Bank ABC has been recognised as the 'Best Digital Bank' and 'Best Bank for Sustainable Finance' in Bahrain at the Euromoney Awards for Excellence 2025, held in Dubai on 20 May. The accolades highlight the Bank's transformative approach to corporate banking and its growing leadership in the sustainable finance landscape A delegation from Bank ABC received the awards at the high-profile ceremony, which also saw wins for its subsidiaries – Bank ABC Islamic and ila Bank, the Group's digital mobile-only bank, reinforcing the Group's collective innovation and impact With over four decades of experience across frontier and emerging markets, Bank ABC continues to redefine financial services through an ambitious digital transformation and sustainability-led growth strategy. These double wins stand as a testament to the Bank's commitment to delivering cutting-edge financial solutions while accelerating the transition to sustainable operations across its global network Commenting on the recognition, Sael Al Waary, Group CEO of Bank ABC, said: 'We are honoured to be recognised by Euromoney as Bahrain's Best Digital Bank and Best Bank for Sustainable Finance. These awards reaffirm our position as a leader in innovation and underscore our responsibility to shape a more sustainable future. As we empower our clients with innovative digital capabilities, we remain equally committed to enabling their transition to future-proof, purpose-driven businesses. I sincerely thank Euromoney for this recognition and my colleagues across the Bank ABC Group for their dedication to building MENA's international bank of the future' Bank ABC's ongoing digital evolution has redefined the benchmark for wholesale banking in the region. Leveraging deep market insight and tailored financial solutions, the Bank supports clients across strategic sectors including logistics, petrochemicals, and technology, among other sectors With innovation at the core of its strategy, Bank ABC has made significant strides in digital banking, AI-driven automation, and blockchain integration. The Bank's Wholesale Banking Corporate Portal delivers a reimagined corporate banking experience, offering clients a personalised, AI-powered interface that provides a seamless access to products and services – alongside actionable insights for smarter financial decisions. Ben Naylor, Global Head of Research at Euromoney commented, 'Bank ABC's transformative digital strategy and innovative solutions were especially impressive. Its launch of an AI-powered corporate portal and enhanced trade finance platform, added significant efficiencies for clients. It also enhanced its cross-border payments and FX services, and notably upgraded its AI assistant.' On the sustainable finance front, Bank ABC has demonstrated a clear commitment to embedding Environmental, Social and Governance principles across its value chain. The Bank's Sustainability Strategy is driving meaningful progress towards an inclusive, low-carbon economy, while supporting clients in their transition to more responsible business models. Further highlighting the Bank's leadership, Ben Naylor added, 'A comprehensive ESG strategy, executive-driven governance, and impactful initiatives like green sukuk issuance and renewable energy financing saw Bank ABC recognised as Bahrain's leader in sustainable finance. Its workforce training, long-term environmental goals, and commitment to clean energy underscored its commitment to the sector.' The Euromoney Awards for Excellence is one of the industry's most authoritative and respected awards programmes, recognising world-class financial institutions that demonstrate innovation, leadership and meaningful impact in banking.
Al Bawaba
25-06-2025
- Business
- Al Bawaba
Bank ABC named ‘Best Digital Bank' and ‘Best Bank for Sustainable Finance' in Bahrain at Euromoney Awards for Excellence 2025
Bank ABC has been recognised as the 'Best Digital Bank' and 'Best Bank for Sustainable Finance' in Bahrain at the Euromoney Awards for Excellence 2025, held in Dubai on 20 May. The accolades highlight the Bank's transformative approach to corporate banking and its growing leadership in the sustainable finance landscape. A delegation from Bank ABC received the awards at the high-profile ceremony, which also saw wins for its subsidiaries – Bank ABC Islamic and ila Bank, the Group's digital mobile-only bank, reinforcing the Group's collective innovation and impact. With over four decades of experience across frontier and emerging markets, Bank ABC continues to redefine financial services through an ambitious digital transformation and sustainability-led growth strategy. These double wins stand as a testament to the Bank's commitment to delivering cutting-edge financial solutions while accelerating the transition to sustainable operations across its global network. Commenting on the recognition, Sael Al Waary, Group CEO of Bank ABC, said: 'We are honoured to be recognised by Euromoney as Bahrain's Best Digital Bank and Best Bank for Sustainable Finance. These awards reaffirm our position as a leader in innovation and underscore our responsibility to shape a more sustainable future. As we empower our clients with innovative digital capabilities, we remain equally committed to enabling their transition to future-proof, purpose-driven businesses. I sincerely thank Euromoney for this recognition and my colleagues across the Bank ABC Group for their dedication to building MENA's international bank of the future.' Bank ABC's ongoing digital evolution has redefined the benchmark for wholesale banking in the region. Leveraging deep market insight and tailored financial solutions, the Bank supports clients across strategic sectors including logistics, petrochemicals, and technology, among other sectors. With innovation at the core of its strategy, Bank ABC has made significant strides in digital banking, AI-driven automation, and blockchain integration. The Bank's Wholesale Banking Corporate Portal delivers a reimagined corporate banking experience, offering clients a personalised, AI-powered interface that provides a seamless access to products and services – alongside actionable insights for smarter financial decisions. Ben Naylor, Global Head of Research at Euromoney commented, 'Bank ABC's transformative digital strategy and innovative solutions were especially impressive. Its launch of an AI-powered corporate portal and enhanced trade finance platform, added significant efficiencies for clients. It also enhanced its cross-border payments and FX services, and notably upgraded its AI assistant.' On the sustainable finance front, Bank ABC has demonstrated a clear commitment to embedding Environmental, Social and Governance principles across its value chain. The Bank's Sustainability Strategy is driving meaningful progress towards an inclusive, low-carbon economy, while supporting clients in their transition to more responsible business models. Further highlighting the Bank's leadership, Ben Naylor added, 'A comprehensive ESG strategy, executive-driven governance, and impactful initiatives like green sukuk issuance and renewable energy financing saw Bank ABC recognised as Bahrain's leader in sustainable finance. Its workforce training, long-term environmental goals, and commitment to clean energy underscored its commitment to the sector.' The Euromoney Awards for Excellence is one of the industry's most authoritative and respected awards programmes, recognising world-class financial institutions that demonstrate innovation, leadership and meaningful impact in banking.
Al Bawaba
30-05-2025
- Business
- Al Bawaba
Bank ABC secures upgrade from Fitch to investment grade rating BBB- reflecting continued strategic momentum
Bank ABC (Arab Banking Corporation B.S.C.), a leading international bank headquartered in the Kingdom of Bahrain, is extremely pleased to announce that Fitch Ratings has upgraded its Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+' and its Viability Rating (VR) to 'bbb-' from 'bb+', with the rating outlook as 'Stable.'Fitch has announced the rating upgrade, citing the Bank's strengthened risk profile, diversified international operations and a robust capital and liquidity position. It has also recognised Bank ABC's enhanced asset quality, prudent risk management and strategic rebalancing towards lower-risk cited the Bank's 'regional corporate franchise and wide geographical diversification' as key strengths, alongside 'well-managed market risks, adequate capitalisation, stable asset quality, funding and liquidity.' The agency also noted the improvement in the Bank's operating environment and resilience of its performance across core Fitch has reaffirmed that Bank ABC's rating is not constrained by the sovereign rating of its home market, underscoring the strength and independence of the Bank's international funding profile and offshore rating upgrade also marks the realignment of Bank ABC's ratings as investment grade across both major global agencies, with S&P also maintaining its 'BBB-' rating with Stable outlook. Commenting on the news, Sael Al Waary, Group Chief Executive Officer of Bank ABC, said: 'This upgrade is a major achievement for Bank ABC and a strong endorsement of the impact of our strategic execution and vision. It further reinforces Bank ABC's strengths, enhances access to a wider investor and funding base and reflects the competitive advantages of our international franchise. We remain committed to maintaining a strong, diversified balance sheet and creating long-term value for all our stakeholders.' © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
