Arab Banking Corporation BSC 2021 AR2
The report highlights Bank ABC's strong financial recovery in 2021, returning to profitability with a net profit of US$100 million. Key strategic milestones included the acquisition of BLOM Bank Egypt, expanding the bank's footprint in the MENA region, and the continued growth of its digital mobile-only bank, ila. On the ESG front, the bank established an ESG working group, committed to a net-zero target for Scope 1 and 2 emissions by 2030, and initiated climate-change risk assessments for its largest corporate clients.
Company: Arab Banking Corporation BSC
Sector: Financials
Country: Bahrain
Year: 2021
Type: AR2
Pages: 216
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Arab Banking Corporation BSC
Annual Report
The report highlights Bank ABC's strong financial recovery in 2021, returning to profitability with a net profit of US$100 million. Key strategic milestones included the acquisition of BLOM Bank Egypt, expanding the bank's footprint in the MENA region, and the continued growth of its digital mobile-only bank, ila. On the ESG front, the bank established an ESG working group, committed to a net-zero target for Scope 1 and 2 emissions by 2030, and initiated climate-change risk assessments for its largest corporate clients.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Net Zero Target