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MANAMA: Bank ABC has reported its results for the first quarter of 2021, with a return to net profit of $30 million, as the cost of risk returned to pre-pandemic levels, reflecting better economic outlook, after the bank absorbed the impact of regional fraud events experienced in 2020.
The group started the year on a solid and profitable footing, recovering from the impact of 2020 and carefully navigating post-Covid-19 transitional operating conditions, still characterised by episodical lockdowns and a constrained work environment across markets .
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