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22 September 2024
Alubaf Arab International Bank Recognized Among Top 100 Arab Banks for 2024 by The Bankers and Top 10 Banks in Bahrain
Alubaf Arab International Bank has achieved a significant milestone by being ranked among The Banker’s Top 100 Arab Banks for the second consecutive year. This prestigious recognition underscores Alubaf's status as one of the leading financial institutions in the Arab world.
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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:
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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.
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26 February 2020
Alubaf’s net earnings jump to $28.7 million
Alubaf Arab International Bank Net Profit was US$ 17,935 thousand for the fourth quarter 2019, as compared to US$ 2,997 thousand for the same period, last year 2018, signifying an increase of 498 %, mainly attributed to reversal or write back of provisions for credit losses, on recovery of past dues.
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27 February 2019
Alubaf records a Net profit of US$ 15 million for the year ended 2018
Alubaf Arab International Bank recorded a net profit of US$ 15 million for the year ended 31 December 2018, as against a net profit of US$ 10.8 million last year 2017, signifying an increase of 39%, year on year.
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