MANAMA: Bank ABC (Arab Banking Corporation) has announced a net profit of $194 million for the year ended December 31, 2019 with strong underlying asset, revenue and profit growth despite continuing challenging external market conditions.
The year was marked with persistent trade tensions between the US and China, declining interest rates and global growth concerns, which together with an uncertain political situation in some of ABC’s key markets, dampened economic growth and demand for credit, said the Bahrain-based bank in a statement .
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