Arab Bank for Investment & Foreign Trade 2024 AR2
The report highlights Al Masraf's financial and operational performance for the fiscal year 2024. The bank achieved a net profit of AED 231.3 million, representing a 22.1% increase from 2023, driven by digital transformation and strategic loan portfolio restructuring. Key achievements include raising the Emiratisation rate to over 57% with 142 Emirati employees, upgrading data centers, and launching an API Gateway with 80 new interfaces. Additionally, the bank advanced its ESG journey by aligning with GRI standards and UN SDGs, while actively participating in community initiatives such as breast cancer awareness and blood donation drives.
Company: Arab Bank for Investment & Foreign Trade
Sector: Finance & insurance
Country: United Arab Emirates
Year: 2024
Type: AR2
Pages: 170
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Arab Bank for Investment & Foreign Trade
Annual Report
The report highlights Al Masraf's financial and operational performance for the fiscal year 2024. The bank achieved a net profit of AED 231.3 million, representing a 22.1% increase from 2023, driven by digital transformation and strategic loan portfolio restructuring. Key achievements include raising the Emiratisation rate to over 57% with 142 Emirati employees, upgrading data centers, and launching an API Gateway with 80 new interfaces. Additionally, the bank advanced its ESG journey by aligning with GRI standards and UN SDGs, while actively participating in community initiatives such as breast cancer awareness and blood donation drives.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board