Bank ABC appoints new chief credit and risk officer

12/07/2017 07:52 AST

Bank ABC has recently appointed Grant Lowen as group chief credit and risk officer based at its head office in Bahrain.

Lowen joins Bank ABC from QNB in Qatar, where he served as group chief risk officer (GCCRO) since 2012. He has extensive experience in the banking industry and worked internationally in several countries around the world over the past 30 years, said a statement.

Lowen also brings with him extensive expertise in areas such as risk appetite, ICAAP, IFRS9 and other topics on the contemporary regulatory agenda of financial institutions, it said. The outgoing acting GCCRO, Paul Howard, will be relocating from Bahrain in line with his original plans.

"The bank takes this opportunity to express gratitude for his excellent contributions and wishes him well for the future," said the statement.

Bank ABC Group CEO Dr Khaled Kawan said: "I am pleased with the new appointment, which builds on the bank's recent efforts aimed at strengthening its risk infrastructure to support business growth.

Bank ABC is a leading international wholesale bank operating from presences across Mena, Europe, Asia, US and Brazil and provides innovative wholesale financial products and services that include corporate banking, trade finance, project and structured finance, debt capital markets, syndications, treasury products and Islamic banking. It also provides retail banking services through its network of retail banks in Jordan, Egypt, Tunisia and Algeria. -


Trade Arabia

News

Bank ABC shareholders approve $93.3m dividend payment

26/03/2018

Bank ABC shareholders today approved $93.3 million in dividend payment and a market making arrangement to support liquidity in ABC share price, at the bank's annual general meeting.

Cons

Trade Arabia

Bank ABC to launch neobank

09/03/2018

Bank ABC, a leading international bank headquartered in Bahrain, is planning to launch a neobank early 2019 and is working to get all the approvals from the Central bank of Bahrain (CBB).

Trade Arabia

Bank ABC Announces 2017 Net Profit of US$193 Million

12/02/2018

Consolidated net profit, attributable to the shareholders of the parent, for the year 2017 was US$193 million, 6% higher compared to US$183 million reported for the previous year.

Net profi

Press Release

Most Viewed Companies

Ticker Price Volume
NAYIFAT 13.94 229,739
LUMI 77.50 102,302
ABC 0.35 370,000
ZAINKSA 10.82 1,868,409
A.OTHAIMMARKET 11.90 545,416
RIBL 24.84 6,676,931
ALRAJHI 85.00 7,711,297

Valuation

ABC Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
IHC 407.00 -5.90 (-1.43%)
FAB 13.58 -0.18 (-1.31%)
EMIRATESNBD 20.35 0.10 (0.49%)
DIB 6.28 0.08 (1.29%)
ADCB 8.68 0.00 (0.00%)

Recent News

EEC's capital optimization plan to shore up financial position and sustain growth: CEO

14/09/2024

RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <

Saudi Gazette

Arabian Mills set final IPO price at $17.59 per share as CEO details growth vision

12/09/2024

Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces

Arab News

SABIC-MCC joint venture starts output

04/05/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

logo

Financial Information Co.

(MITCO), P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap