Arab Banking Corporation BSC 2022 AR2
The report highlights Bank ABC Group's financial and sustainability performance for the fiscal year 2022. The Group achieved record-breaking total operating income of over US$1.1 billion, representing a 29% increase compared to the previous year, and a 54% increase in net profit to US$154 million. Key milestones included the legal merger of its Egyptian subsidiaries and the regional expansion of its digital mobile-only bank, ila, to Jordan. On the sustainability front, the Group formalized its ESG framework, reporting a 40% reduction in Scope 1 emissions due to air conditioning upgrades, and provided US$775 million in green and sustainability-linked finance.
Company: Arab Banking Corporation BSC
Sector: Financials
Country: Bahrain
Year: 2022
Type: AR2
Pages: 236
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Arab Banking Corporation BSC
Annual Report
The report highlights Bank ABC Group's financial and sustainability performance for the fiscal year 2022. The Group achieved record-breaking total operating income of over US$1.1 billion, representing a 29% increase compared to the previous year, and a 54% increase in net profit to US$154 million. Key milestones included the legal merger of its Egyptian subsidiaries and the regional expansion of its digital mobile-only bank, ila, to Jordan. On the sustainability front, the Group formalized its ESG framework, reporting a 40% reduction in Scope 1 emissions due to air conditioning upgrades, and provided US$775 million in green and sustainability-linked finance.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
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
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Women on Board
Employees