Arab Banking Corporation (B.S.C.)

About Arab Banking Corporation (B.S.C.)

Arab Banking Corporation (B.S.C.) ("ABC"), established in 1980, is headquartered at ABC Tower in the Diplomatic Area of Bahrain. ABC was incorporated as a Bahrain joint stock company on January 17, 1980 pursuant to a special decree of His Highness, the late Amir of the State of Bahrain, Sheikh Isa bin Sulman Al Khalifa, and was issued an Offshore Banking Unit license by the Bahrain Monetary Agency on April 7, 1980. Operations commenced that month. Accordingly, ABC was established with an authorised capital of US$1,000 million of which US$750 million was issued and paid up by April 1, 1981. The three original shareholders were the Abu Dhabi Investment Authority, Kuwait’s Ministry of Finance and the Libyan Secretariat of Treasury (later the Central Bank of Libya). ABC’s strategy of diversified growth led to the development of its widespread network (the "ABC Group") of branches, representative offices, subsidiaries and affiliates in over thirty countries around the world, including most principal international financial centres. ABC’s branch offices are situated in Grand Cayman, Milan, New York, Singapore and Tunis. The ABC Group provides a wide range of banking services. ABC’s branches focus principally on wholesale commercial and corporate banking and trade finance services. Its subsidiaries concentrate largely on exploiting opportunities in domestic retail and merchant banking sectors. Its affiliates offer specialised financial services. The services provided by the ABC Group include: Corporate Banking, Treasury, Islamic Banking and Private Banking.