December 08, 2016 6:09 AM ET

Banks

Company Overview of ALUBAF Arab International Bank B.S.C. (c)

Company Overview

ALUBAF Arab International Bank B.S.C. (c) provides wholesale banking products and services in the Kingdom of Bahrain and internationally. It offers treasury products, including deposits and placements; and spot and forward foreign exchange transaction services, as well as advises and enables investment in fixed income securities or commercial papers issued by regional governments/corporates. The company also provides loans, such as working capital financing, pre-export/post-export financing, and project financing, as well as arranges and facilitates syndication deals; and offers trade finance products comprising letters of credit, discounting of trade related commercial papers, letter of gua...

Alubaf Tower, Building 854

Road 3618, Avenue 436

Al-Seef District

PO Box 11529

Manama,  

Bahrain

Founded in 1982

Phone:

973 17 51 77 22

Fax:

973 17 51 77 21

Key Executives for ALUBAF Arab International Bank B.S.C. (c)

Chief Executive Officer, Chairman of Management Risk Committee, Head of Asset & Liability Committee and Head of Human Resource & Compensation Committee
Head of Financial Control, Member of Asset & Liability Committee and Member of Management Risk Committee
Head of Operations and Member of Management Risk Committee
Deputy Chief Executive Officer
Senior Deputy Chief Executive Officer
Compensation as of Fiscal Year 2016.

ALUBAF Arab International Bank B.S.C. (c) Key Developments

Alubaf Arab International Bank Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Alubaf Arab International Bank reported earnings results for the second quarter and six months ended June 30, 2015. For the six months, the company recorded a net profit of USD 22.2 million, which reflects a decrease of 5.1% compared to last year same period. Decrease in net profit was primarily due to conservative stand on providing for non performing assets, which amounted to a net provision of USD 1 million for period ended June 30, 2015 and drop in fee and commission income by 1.6%, compared to last year same period. However, Interest income was in line with last year same period and foreign exchange income of USD 637,000, reflected an increase of 239% compared to corresponding period last year. For the quarter, the company reported net profit of USD 11.4 million.

ALUBAF Arab International Bank Reports Earnings Results for the First Quarter Ended March 31, 2015

ALUBAF Arab International Bank reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net profit of $10.86 million, which was in line with budgeted estimates, however, comparing with same period last year a decline of 7% was reflected. This decline is mainly due to decrease in fee and commission income and loss of trading portfolio. Interest income was almost in line with last year same period.

Similar Private Companies By Industry

Company Name Region
Future Bank B.S.C. Middle East/Africa
Al Baraka Islamic Bank B.S.C. Middle East/Africa
ALUBAF Arab International Bank B.S.C. (c) Middle East/Africa
Arab Bank PLC (Bahrain) Middle East/Africa
Awal Bank B.S.C. Middle East/Africa

Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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