22 Hrs
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البلاد
ABC Bank reports $111M profit for H1 2026
ABC Bank Group announced its financial results for the first half of 2026, reporting a net profit of $111 million, a 27% decrease compared to the same period last year. This decline was driven by increased credit loss provisions amid an unstable economic environment due to geopolitical tensions in the Middle East. Despite these challenges, the group's performance remained stable, with a 5% growth in revenues and effective cost management. They also emphasized their strong capital and liquidity positions. The group received several regional and international awards that reflect its excellence in cash management and digital banking services. Additionally, it continued to enhance its capabilities and risk analysis to withstand volatility, focusing on supporting clients and maintaining operational resilience.
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