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March 31, 2015 5:41 PM ET

Banks

Company Overview of ALUBAF Arab International Bank B.S.C.

Company Overview

ALUBAF Arab International Bank B.S.C. (c) provides wholesale banking products and services to corporates, banks, investment companies, governments and semi-government entities, and public sector companies primarily in the Middle East and North Africa region. It offers various treasury products, including deposits and placements; spot and forward foreign exchange transaction services; and advising and enabling investment in fixed income securities or commercial papers issued by regional governments/corporates. The company also provides loans comprising working capital financing, pre-export/post-export financing, and project financing, as well as arranges and facilitates syndication deals; and...

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.

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, Vice Chairman of Asset & Liability Committee, Member of Human Resource & Compensation Committee and Member of Management Risk Committee
Senior Deputy Chief Executive Officer, Member of Asset & Liability Committee, Member of Management Risk Committee and Member of Human Resource & Compensation Committee
Compensation as of Fiscal Year 2014.

ALUBAF Arab International Bank B.S.C. Key Developments

Alubaf Arab International Bank Reports Earnings Results for the Third Quarter and First Nine Months of 2014

Alubaf Arab International Bank reported earnings results for the third quarter and first nine months of 2014. For the quarter, net profit surged to $12.5 million, as compared to $11.8 million recorded in the same period last year. For the nine months, the company reported net profit growth of 21% at $35.9 million compared with $29.6 million in the same period last year. Interest income contributed significantly which increased by 34% over the same period last year. Trading income resulted in net gain of $0.6 million compared to a negative trading income of $1.4 million recorded in the same period last year.

Alubaf Reports Earnings Results for the First Quarter of 2014

Alubaf reported earnings results for the first quarter of 2014. The company reported an increase of 35% in net profit at $11.6 million for the first quarter, compared with the same period a year ago. The main driver of the increase in income was core business activity. Net interest income increased by 33% and fee and commission income by 70%, compared with the same period last year.

Alubaf Arab International Bank Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Alubaf Arab International Bank announced earnings results for the fourth quarter and full year ended December 31, 2013. Net profit for the fourth quarter of 2013 was $7 million, an increase of 37% over the same period of 2012. Main driver for increase in net profit was gross interest income, which contributed to 67% of operating income. For the year, net profit surged to $37 million, an increase of 22% over 2012's $30 million. The average return on equity ratio stood at 12%.

Similar Private Companies By Industry

Company Name Region
BMI Bank B.S.C. Middle East/Africa
HDFC Bank Limited, Bahrain Branch Middle East/Africa
Arab Bank PLC (Bahrain) Middle East/Africa
Al Baraka Islamic Bank B.S.C. Middle East/Africa
ICICI Bank Limited, Bahrain Middle East/Africa

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