Arab Banking Corporation (Jordan) 2024 AR2
The report highlights Bank ABC Islamic's financial and strategic achievements for the fiscal year 2024, during which the bank recorded a 13% increase in net profit to US$52.3 million and a 14.4% rise in total operating income to US$68.0 million. Strategically, the bank made significant progress on its 2023-2026 action plan, leading 16 Sukuk mandates that raised US$12.8 billion for clients. On the sustainability front, the bank integrated its proprietary Client ESG Risk Assessment and Industry Environmental Risk Rating methodologies into its lending processes. Additionally, Bank ABC Islamic acted as a Joint Lead Manager for US$1.5 billion in green and sustainable Sukuk issuances and contributed US$488,206 in voluntary Zakah payments to support charitable organizations in Bahrain.
Company: Arab Banking Corporation (Jordan)
Sector: Financials
Country: Jordan
Year: 2024
Type: AR2
Pages: 85
Arab Banking Corporation (Jordan)
Annual Report
The report highlights Bank ABC Islamic's financial and strategic achievements for the fiscal year 2024, during which the bank recorded a 13% increase in net profit to US$52.3 million and a 14.4% rise in total operating income to US$68.0 million. Strategically, the bank made significant progress on its 2023-2026 action plan, leading 16 Sukuk mandates that raised US$12.8 billion for clients. On the sustainability front, the bank integrated its proprietary Client ESG Risk Assessment and Industry Environmental Risk Rating methodologies into its lending processes. Additionally, Bank ABC Islamic acted as a Joint Lead Manager for US$1.5 billion in green and sustainable Sukuk issuances and contributed US$488,206 in voluntary Zakah payments to support charitable organizations in Bahrain.
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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
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees