Bank ABC yesterday announced its financial results for the nine months period ended September 30, 2025, including the third quarter of the year.
Bank ABC continued its resilient performance in the first nine months of the year. Net profit was $204 million, a reduction of 5 per cent YOY on a headline basis, but flat on a constant FX basis after adjusting for FX depreciation of BRL and EGP against USD. Total operating income was $1,033m, compared with $1,002m reported last year, a headline growth of 3pc and 7pc on a constant currency basis. These robust results reflected the growth in core business revenues, compensating for continuing market challenges, characterised by geopolitical uncertainty, volatile trade tariffs, declining interest rates and increasing tax charges. The group’s total assets reached $48.5 billion, propelled by a combination of core business activity and portfolio management activity. The group’s funding profile remained strong with customer deposits comprising majority of the bank’s funding base, while it continued to maintain healthy capital and liquidity buffers.
During the period, Bank ABC received several prestigious industry awards, including ’Best Bank for Cross-Border Payments Solutions in Middle East and Africa’ and the ‘Best Cash Management Bank in Bahrain and Tunisia’ by Global Finance Best Treasury and Cash Management Providers Awards 2025. The bank also won the ‘Best AI Virtual Assistant in the Middle East’ award for its AI Assistant, Fatema, from AI World Series Awards 2025, a reflection of Bank ABC’s focus on digitalisation as ‘Mena’s international bank of the future’. In addition, ila Bank received the ‘Best Mobile Banking App in the Middle East’ and the ‘Best Consumer Digital Bank in Bahrain’ from Global Finance World’s Best Digital Banks Awards 2025.
Bank ABC Group chairman Naji Belgasem remarked: “The financial results demonstrate Bank ABC’s continuing resilience, given the volatile external market challenges that prevailed during this period. Bank ABC’s diversified business model and focused execution of its strategy, enable the group to leverage market opportunities across its international franchise, underscoring its ability to deliver value for customers and shareholders.”
Mr Belgasem
Performance highlights for the third quarter of 2025:
- Consolidated net profit attributable to the shareholders of the parent, for Q3 2025 was $52m, reduced by 20pc compared to $65m reported for the same period last year, primarily impacted by higher third quarter impairment provisions, but which cumulatively on a year-to-date basis remained in line with last year.
- Earnings per share for the period was $0.014, as compared to $0.018 reported in the same period last year
- Total comprehensive income attributable to the shareholders of the parent was $132m, 43pc higher as compared to a $92m reported during the same period of last year. Q3 2025 benefited from the strengthening of currencies (in particular BRL) against the dollar compared to Q3 2024, and positive fair value movements on securities.
- Total operating income for Q3 2025 was $361m, 10pc higher compared to $328m reported for the same period last year.
Performance highlights for the year to date (9 months ended 30 September 2025):
- Consolidated net profit attributable to the shareholders of the parent was $204m, compared to $215m reported last year, a reduction of 5pc on a headline basis. Underlying net profit, on a constant currency basis was at similar levels as last year.
- Earnings per share for the period was $0.060, compared to $0.064 in the same period last year.
- Total comprehensive income attributable to the shareholders of the parent was $385m as compared to $36m during the same period last year. Positive impact in the nine months of 2025 was due to strengthening of currencies (in particular BRL) against the dollar, as compared to 2024 (which was affected by devaluation in EGP) and favourable fair value movements on securities.
- Total operating income was $1,033m, as compared to $1,002m reported last year, a headline growth of 3pc, reflecting broad based growth across almost all the core markets. Underlying Total Operating Income reflected a growth of 7pc on a constant currency basis adjusting for depreciation of BRL (-7pc YoY) and EGP (-14pc YOY).
Balance sheet
- Equity attributable to the shareholders of the parent and perpetual instrument holders at the end of the period was $4,492m, compared to $4,207m reported at the 2024 year-end, an increase of 7pc after absorbing the impact of dividend payments.
- Total assets stood at $48.5bn at the end of the period, as compared to $46.3bn reported at the 2024 year-end, an increase of 5pc driven by core business growth in the loan portfolio, FX movements besides balance sheet optimisation and portfolio management actions.
- Strong capital and liquidity ratios were maintained: Total CAR 16pc, Tier 1 Capital ratio at 15pc, of which CET1 at 13.3pc. LCR and NSFR at 297pc and 119pc respectively.
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