Manama, Nov. 12 -- Bank ABC (Arab Banking Corporation) reported signs of some recovery from the unprecedented and deeply challenging trading conditions encountered during H1 2020, while a number of the challenges encountered in the first half continue to impact our results.
The Group, which announced its results for the first nine months of 2020, in a statement said that the year started well with a strong balance sheet and good client transaction pipeline as we continued our digital and wholesale bank transformation.
However, as the year progressed, our plans were heavily impacted by the unique combination of Covid19, collapse in oil prices and consequent economic and market pressures, together with the emergence of some major fraud case...