News & Announcements
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28 February 2022Alubaf 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:
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24 February 2021Alubaf 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
The Information contained in this certification is sought pursuant to sections 531(j) and 5318(K) of Title 31 of the united states code.
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.
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