Bank ABC wins The Banker - Bank of the Year 2020 in Bahrain

Press release
Published December 2nd, 2020 - 01:27 GMT
Bank ABC wins The Banker - Bank of the Year 2020 in Bahrain
The 40-year-old institution receives the prestigious award at the awards ceremony widely regarded as the “Oscars” of the banking industry.
Highlights
The Banker recognizes Bank ABC for its robust growth strategy, resilient performance, and pioneering strides in digital transformation.

MENA’s leading international bank, Bank ABC has emerged as the Bank of the Year in Bahrain, as announced by The Financial Times publication The Banker magazine, in an award ceremony held online this year, due to the COVID-19 pandemic. This prestigious award aims to reward and promote industry-wide excellence in the global banking community.

Banks from approximately 150 countries are evaluated on a host of parameters, including financial performance, technology, innovation, and COVID-19 pandemic response. The rigorous judging process by FT’s panel of editors takes over five months, and therefore this accolade is among the most coveted and widely regarded awards in the banking industry. Bank ABC has the distinction of receiving this honour twice, having won the award for the year 2017 as well.

Bank ABC's Group Chairman, Mr. Saddek Omar El Kaber remarked, “We are very honoured to receive this recognition for the second time and in the midst of a unique storm caused by the pandemic. Bank ABC’s vision, its consistent commitment to all its stakeholders and pioneering digital transformation enabled it to weather an extremely hostile year. This has been recognised not just by our industry peers and rating agencies, but now by The Banker Awards. On behalf of the Group, I would like to thank the Financial Times and The Banker for their trust in our Group, and my heartiest congratulations go out to the management and staff of Bank ABC for this achievement.”

The Banker magazine organised the 2020 awards ceremony on a virtual platform, on 2 December 2020, which was attended by CEOs and C-Suite executives from around the globe.

Bank ABC is a leading player in the MENA region’s banking industry providing global coverage for corporates and financial institutions, and innovative Wholesale Banking products that include Transaction Banking (Trade Finance and Cash Management), Project and Structured finance, Syndications, Treasury and Financial Markets products and Islamic Banking. It also provides retail banking services through its network of retail banks in Jordan, Egypt, Tunisia and Algeria and in Bahrain through the digital mobile-only bank ila. 

Background Information

Bank ABC

Bank ABC (incorporated as Arab Banking Corporation B.S.C) is an international bank headquartered in Manama, Kingdom of Bahrain. Our network spreads across five continents, covering countries in the Middle East, North Africa, Europe, the Americas and Asia. 

Bank ABC, founded in 1980, is listed on the Bahrain Bourse and our major shareholders are the Central Bank of Libya and Kuwait Investment Authority. 

Bank ABC is a leading provider of Trade Finance, Treasury, Project & Structured Finance, Syndications, Corporate & Institutional Banking as well as Islamic Banking services. We are also expanding our retail banking network in the MENA region.

Bank ABC is licensed as a conventional wholesale bank by the Central Bank of Bahrain.

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