News & Announcements
28 February 2022
Alubaf Arab International Bank (the “Bank”) and its subsidiary (together the “Group”), recorded a consolidated net profit of US$ 22.7 million for the year ended 31 December 2021
Following are the summary results for the fourth quarter ended 31 December 2021 (Q4) and full year ended 31 December 2021:
24 February 2021
Alubaf Arab International Bank, recorded a consolidated Net Profit of US$ 22.1 million for the year ended 31 December 2020
Alubaf Arab International Bank’s Net Profit was US$ 4,087 thousand for the fourth quarter 2020, as compared to US$ 17,935 thousand for the same period, last year 2019, which is a decrease of 77.2 %, mainly attributed to reversal or write back of provisions for credit losses, on recovery of past dues, which was recorded in previous year ended 2019.
US Patriot Act
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Due Diligence & AML Questionnaire
The Kingdom of Bahrain’s has primary legislation relevant to prevention and prohibition of the money laundering and combating the financing of terrorism.