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Annual Reports

Bank ABCs annual reports are a documentation of the banks continuous success. They display a constant pattern of successful deals and acquisitions, financing landmark projects and our pride when conveying such news to our shareholders.​ ​​​​

2017
The Group’s net profit reached US$193 million at the end of 2017, compared with the US$183 million reported in the previous year, growing by 6%. Operating income increased to US$869 million (2016: US$865 million) on a headline basis, but improved by 7% to US$873 million (2016: US$816 million) on a normalised basis after adjusting for currency hedges in Banco ABC Brazil.
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2016
As a result of the Group’s focus on improving total return, our increasing business volumes were achieved without significant balance sheet expansion and with efficient use of capital. Growth in assets was controlled reaching US$30.1 billion (US$28.2 billion at 2015 yearend), with a significant increase from FX translation of assets from Banco ABC Brasil.
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2015
In 2015, we announced a new brand for the ABC Group and a refined strategy for transforming the Group. Reflecting changes in our markets and clients, the Bank was rebranded as Bank ABC across all our markets and a new brand positioning strategy was adopted, along with a refined strategy for transforming the Group.
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2014
Notably, we refreshed our strategic intent and core objectives and have just launched a new “one bank” brand identity for 2015 and beyond. This strategy is designed to boost our leadership position through a client centric approach leveraging our network to create greater reach, while we enhance our product and service proposition. This will help foster new revenue streams and increase share of client business to take advantage of opportunities presented as global banks retrench from our core markets.
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2013
During 2013, ABC stepped up the search for a suitable acquisition, enhanced its Wholesale Banking and Treasury structures and continued its push for higher cross-selling rates and better targets for return on capital. ABC also optimised its cost base in Bahrain and other associated locations in MENA, together with its New York Branch. In addition, ABC continued to improve its funding profile, resilient operating performance and healthy asset quality.
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2012
The Group’s geographic diversity across 20 countries proved a source of strength. The MENA subsidiaries grew during the year, as did ABC International Bank’s activities headquartered in the United Kingdom. Brazil, a major driver of growth in previous years, consolidated its recent gains.
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2011
Arab Banking Corporation (ABC) delivered very strong results in 2011, which was an exceptionally challenging year impacted by unprecedented adverse political and economic events arising from the Arab spring and Eurozone crisis.
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2010
In 2010, Arab Banking Corporation (ABC) took significant steps to implement its strategy of becoming one of the Middle East & North Africa’s (MENA ) leading universal banks. Expansion of the geographic footprint was accelerated, a new approach to building relationships with core clients was introduced and the bank’s infrastructure was upgraded, both in terms of technology and people.
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2009
In 2009 ABC Group successfully weathered continuing adverse market conditions to return to profitability, with a consolidated net profit of $122 million compared with a loss of $880 million the previous year. ABC’s rights issue of June 2008, which increased its issued share capital by $1 billion, laid the foundation for the Group’s good performance in 2009.
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2008
ABC is pleased to report that all Universal Banking units performed well in 2008 and in line with budgeted expectations. Retail Banking maintained steady growth across the region in all business areas, as reflected by expansion in portfolio assets and liabilities, customer acquisition, network and delivery channels and new products and services. As a result, the segment’s revenue contribution also increased considerably.
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2007
ABC would be announcing its best-ever year with an operating income of $691 million - far exceeding its record $484 million of 2006,had it not been for the global credit crunch. Even with the impact of the investment writedowns, the Group still returned a respectable $125 million net profit, a not insignificant achievement owing much to across-the-board improvement in virtually all areas of our business.
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2006
The year 2006 saw an increase in the Group's loans & advances portfolio by 26%. The Group's holdings of marketable securities and its inter-bank placements produced a 38% increase in total operating income. The ABC Group saw a 57% increase in net profits, exceeding US$ 200 million for the first time in the Group's history.
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2005
The product-based matrix template worked exceedingly well. The published result was an 18% increase in net profit to US$ 129 million, despite the fact that the 2004 disposals effectively reduced ABC's total assets by 50% and total loans and advances by over 60%. Regardless, ABC finished with US$ 13.4 billion in deposits and US$ 352 million in total operating income.
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2004
Most non-core activities were abandoned for the sake of restructuring ABC's management around the principles of product, instead of geographic orientation. Total operating income hit the US$ 305 million mark, while total deposits were marked at US$ 17.5 billion.
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2003
The invasion of Iraq compelled ABC to order an effective standstill of business earlier in the year. However, it was executed with the least disruption to existing clients. A fast build up of liquidity was carried out as part of the Group's contingency plan. Regardless, ABC's operating profits reached US$ 354 million; a US$ 124 million increase from 2002. Deposits increased to US$ 24.7 billion from last year's US$ 23.1 billion.
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2002
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2001
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2000
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1999
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1998
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1997
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1996
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1995
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1994
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1993
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1992
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1991
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1990
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