Manama: Bank ABC (Arab Banking Corporation), trading under the code "ABC" on the Bahrain Bourse, announced its financial results for the nine-month period ending September 30, 2025, indicating continued strong performance despite global economic challenges.
According to Bahrain News Agency, the Group reported a consolidated net profit attributable to the shareholders of the parent company of US$204 million. This marks a decrease of 5% on a headline basis but remains stable on a constant currency basis after accounting for the depreciation of the Brazilian Real and the Egyptian Pound against the US Dollar. The total operating income reached US$1,033 million, compared to US$1,002 million in the same period of 2024, showing a growth of 3% and 7% on a constant currency basis.
The Group's positive performance is attributed to growth in core business revenues, countering market challenges such as geopolitical uncertainty, trade tariff fluctuations, lower interest rates, and higher tax charges. Total assets amounted to US$48.5 billion, driven by core business growth and portfolio management, with a strong funding structure primarily supported by customer deposits, alongside healthy capital and liquidity levels.
In the third quarter of 2025, Bank ABC recorded a net profit of US$52 million, a decrease of 20% from US$65 million in the same period last year, due to higher impairment provisions. Total operating income rose by 10% to US$361 million, while total comprehensive income attributable to the shareholders of the parent increased by 43% to US$132 million, aided by currency improvements and favorable fair value movements on securities.
The balance sheet revealed that total equity attributable to the shareholders of the parent and perpetual instrument holders reached US$4.492 billion, up 7% from US$4.207 billion at the end of 2024. Total assets increased by 5% to US$48.5 billion from US$46.3 billion at the end of 2024, driven by loan portfolio growth and foreign exchange movements.
Bank ABC maintained strong capital adequacy and liquidity indicators, with a total capital adequacy ratio of 16%, a Tier 1 capital ratio of 15%, including 13.3% of Common Equity Tier 1 (CET1), a liquidity coverage ratio of 297%, and a net stable funding ratio of 119%.
Group Chairman Naji Belgasem highlighted that the financial results reflect the Bank's resilience and continued strong performance amidst prevailing market challenges. He emphasized that the diversified business model and effective strategy execution enabled the Group to seize opportunities across its international network and deliver value to its customers and shareholders.
Bank ABC, a leading banking institution in the region, operates in 15 countries across five continents. It offers a wide range of corporate and financial institution services, including conventional and Islamic finance, project finance, financial markets, and real estate finance. The Bank also provides retail banking services through its subsidiaries in Jordan, Egypt, Tunisia, and Algeria, and through ila Bank, its digital bank in Bahrain and Jordan.
A virtual meeting for shareholders and investors is scheduled for November 18 to discuss the nine-month period results, with details and the presentation available on the Bank's website.