*** ----> Bank ABC hosts earnings call for Q3 2023 | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Bank ABC hosts earnings call for Q3 2023

TDT | Manama                                                   

The Daily Tribune – www.newsofbahrain.com

Bank ABC held its quarterly Earnings Investor Call for the nine months ended September 2023 on Tuesday.

Hosted by the Group Chief Executive Officer, Sael Al Waary and the Group Chief Financial Officer, Brendon Hopkins, the virtual session was attended by the Bank’s investors and stakeholders.

The Call provided insights into Bank ABC’s financial performance and refreshed Group strategy to become MENA’s International Bank of the Future.

Milestones achieved in recent times were highlighted, including digital banking investments, acquisition of BLOM Bank Egypt, growth across the Group’s international banking franchise and refreshed Group strategy recently approved by the Board.

Group CEO, Sael Al Waary, commented: “I am pleased to see the strong participation in today’s call from shareholders and investors, which reflects keen interest in ABC’s strategy and performance, and is a show of confidence from the market.”

Group CFO, Brendon Hopkins, elaborated on the Bank’s strong financial performance for the nine months ending September 2023, focusing on: revenue growth reaching US$943 million, representing a 19% year-on-year growth as well as a surge in Net Profit by 61%, reaching US$183 million among others.