Arab Banking Corporation (Bank ABC)

Overview

Arab Banking Corporation (Bank ABC) is Bahrain Bourse: BANB + Bahraini international commercial banking group + 25+ countries operations + Central Bank of Libya ~60%+ + Government of Abu Dhabi sovereign wealth fund controlling + one of MENA's largest international commercial banks ^{1, Bahrain report}.

History

Jan 1980 — Arab Banking Corporation founded as Bahraini international commercial banking group by Central Bank of Libya + Government of Abu Dhabi + Government of Kuwait + Saudi Arabia oil-exporting Arab states consortium distinctive MENA international banking heritage.

2014 — ABC Digital mobile banking app launch + 2018 launch of ila Bank Bahraini digital-only bank subsidiary.

Ownership & operator

Operating entity: Arab Banking Corporation Bank ABC (Bahraini international commercial banking group; Bahrain Bourse: BANB).

Major shareholders: Central Bank of Libya ~60%+ controlling + Government of Abu Dhabi sovereign wealth fund + Kuwaiti + Saudi + Bahraini retail + institutional + foreign investors free float.

Regulators: CBB Central Bank of Bahrain + national regulators across 25+ countries.

Technical integration

ABC Digital mobile app (iOS + Android) + bank-abc.com online + Arab Banking Corporation Bank ABC branch network across Bahrain + Libya + UAE + Egypt + Jordan + Tunisia + Morocco + Argentina + Brazil + Turkey + UK + France + Germany + Italy + Spain + US + Singapore + Japan + Australia + South Korea + Hong Kong + China + India + Pakistan international branches + Bank ABC Visa + Mastercard cards; BH IBAN + Benefit BH.

Implementations & partners

Bank ABC subsidiaries: ila Bank (ila Bank; Arab Banking Corporation Bahraini digital-only bank subsidiary post-2018 launch).

Major Bahraini banking + payments competitors: National Bank of Bahrain (National Bank of Bahrain NBB; Bahrain Bourse: NBB; Bahrain's largest commercial bank by assets) + Ahli United Bank (Ahli United Bank AUB; Bahrain Bourse: AUB; Kuwait Finance House KFH Kuwaiti parent ~96.7% controlling) + Al Baraka Banking Group (Al Baraka Banking Group Bahrain; Bahrain Bourse: BARKA; Bahraini Islamic banking group) + Ithmaar Bank (Ithmaar Bank; Bahrain Bourse: ITHMR; Bahraini Islamic bank) + Bahrain Islamic Bank (Bahrain Islamic Bank BISB; National Bank of Bahrain Islamic banking subsidiary) + Khaleeji Commercial Bank (Khaleeji Commercial Bank KHCB; Bahrain Bourse: KHCB; Bahraini Islamic bank) + CrediMax (CrediMax Bahrain credit card scheme + payment processor).

Regulators: CBB Central Bank of Bahrain + national regulators across 25+ countries.

Status

Active, Bahrain Bourse:BANB + Bahraini international commercial banking group + 25+ countries operations + Central Bank of Libya ~60%+ + Government of Abu Dhabi sovereign wealth fund controlling + one of MENA's largest international commercial banks ^{1, 2}.

Sources

• 1 Bank ABC — official
• 2 Bank ABC — Wikipedia
• ^{Bahrain report} In-corpus: reports/countries/BH-bahrain.md

Source

Biography extracted from arab-banking-corporation.md. See matrix.md for standards-support matrix if present.