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Bank ABC named ‘Best Digital Bank' and ‘Best Bank for Sustainable Finance' in Bahrain at Euromoney Awards for Excellence 202
Bank ABC named ‘Best Digital Bank' and ‘Best Bank for Sustainable Finance' in Bahrain at Euromoney Awards for Excellence 202

Saraha News

time25-06-2025

  • 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.

Bank ABC named ‘Best Digital Bank' and ‘Best Bank for Sustainable Finance' in Bahrain at Euromoney Awards for Excellence 2025
Bank ABC named ‘Best Digital Bank' and ‘Best Bank for Sustainable Finance' in Bahrain at Euromoney Awards for Excellence 2025

Al Bawaba

time25-06-2025

  • 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.

Bank ABC secures upgrade from Fitch to investment grade rating BBB- reflecting continued strategic momentum
Bank ABC secures upgrade from Fitch to investment grade rating BBB- reflecting continued strategic momentum

Al Bawaba

time30-05-2025

  • 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.

Bank ABC secures upgrade from Fitch to investment grade rating BBB- reflecting continued strategic momentum
Bank ABC secures upgrade from Fitch to investment grade rating BBB- reflecting continued strategic momentum

Zawya

time29-05-2025

  • Business
  • Zawya

Bank ABC secures upgrade from Fitch to investment grade rating BBB- reflecting continued strategic momentum

Dubai, United Arab Emirates: 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 markets. Fitch 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 markets. Importantly, 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 liquidity. The 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.' About Bank ABC Bank ABC is a leading global banking player and provides innovative wholesale financial products and services, including Capital Markets, Transaction Banking, Specialized Finance, Islamic Finance, Real Estate Finance and Financial Markets to Corporates and Financial Institutions. It also offers retail banking services through its extensive network of retail branches in Jordan, Egypt, Tunisia, and Algeria and through its digital, mobile-only ila Bank in Bahrain and Jordan. For further information, please contact Group Corporate Communications on: Media@

Fitch upgrades Bank ABC's long-term IDR
Fitch upgrades Bank ABC's long-term IDR

Zawya

time29-05-2025

  • Business
  • Zawya

Fitch upgrades Bank ABC's long-term IDR

Bahrain - Bank ABC (Arab Banking Corporation), a leading international bank based in Bahrain, announced yesterday 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 a 'Stable' outlook. The upgrade means Bank ABC now holds investment grade ratings from both major global agencies, with S&P also maintaining its 'BBB-' rating with a 'Stable' outlook. Fitch cited Bank ABC's strengthened risk profile, diversified international operations, and robust capital and liquidity as key factors. The agency also highlighted the bank's prudent risk management and strategic shift toward lower-risk markets. Fitch noted the bank's 'regional corporate franchise and wide geographical diversification' as significant strengths, alongside 'well-managed market risks, adequate capitalisation, stable asset quality, funding and liquidity.' The agency also acknowledged improvements in the bank's operating environment and consistent performance across core markets. Crucially, Fitch reaffirmed that Bank ABC's rating is 'not constrained by Bahrain's sovereign rating', underscoring the strength and independence of the bank's international funding and offshore liquidity profile. Bank ABC group chief executive Sael Al Waary called the upgrade 'a major achievement for Bank ABC and a strong endorsement of our strategic execution and vision.' He added that it 'reinforces Bank ABC's strengths, enhances access to a wider investor and funding base, and reflects the competitive advantages of our international franchise.' Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (

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