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Brexit Update: Bank ABC in Europe
12/10/2020
Brexit Transition Period

Following the UK Parliament’s approval of the EU Withdrawal Agreement, the UK formally left the European Union on 31 January 2020.  The transition period until 31 December 2020 allows firms to implement any changes required as a result of the UK’s withdrawal from the EU.


Bank 
ABC in Europe

ABC International Bank plc (“Bank ABC”) is part of the wider Arab Banking Corporation (B.S.C.) group (the “Bank ABC Group”).  In order to ensure continuity of service to clients, Bank ABC has established a new subsidiary in Paris with branches in Frankfurt and Milan.  The new entity, incorporated in France as Arab Banking Corporation SA (“ABC SA”), commenced operations on 12th October 2020 and will continue to trade under the Bank ABC brand as part of the Bank ABC Group. Operations will continue from the same locations in Paris, Frankfurt and Milan with the benefit and experience of the same staff.  Bank ABC retains its headquarters in London, along with its representative office in Istanbul.

This new structure allows Bank ABC Group to continue to support and facilitate trade and investment between Europe and the Middle East, North Africa & Turkey region.


Client Impact

Bank ABC would like to thank you for your continued support as a valued client and to assure you that we remain fully committed to serving your needs in Europe. 

Please contact your Relationship Manager in the first instance if you have any queries.  You can also email Brexit@Bank-ABC.com for more general enquiries. 


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