A leading provider of trade finance, treasury and banking services, BACB transacts business in North Africa, Eastern Mediterranean and sub-Saharan countries, including Libya, Sudan, Algeria, Syria, Tunisia, Morocco, Mauritania, Lebanon, Jordan and Yemen.
Established in London in June 1972, BACB is a leading provider of trade services and finance, treasury products and a range of payment services for clients in Arab markets. Drawing on its wide correspondent banking network and longstanding working relationships with its shareholders, BACB transacts business in North African, sub-Saharan and Arab Mediterranean countries in particular. BACB’s principal shareholders are HSBC Bank Middle East (48.93%) and Libyan Foreign Bank (26.29%), with the balance held by Arab regional state-owned institutions.
Through its Tripoli Representative office, managed by Abdulhadi Giuma Arebi, BACB has maintained a permanent presence in Libya since September 1998, offering clients both a contact point and expertise in this important market. Libyan Foreign Bank’s shareholding gives BACB an important advantage, as do our well-established relationships with Libyan banks and local corporates, including those in the oil sector.
BACB’s expertise in Arab financial markets and Libya in particular provides an opportunity to existing traders and those contemplating activities in Libya for the first time to acquire market knowledge and to position themselves to commence business in the country.
Bank ABC operates from its twin hubs in Manama and London, through Bank ABC in the UK (incorporated as ABC International Bank). Bank ABC’s unrivalled regional network (in Algeria, Dubai, Libya, Tunisia, Egypt and Jordan), together with its international presence in New York, Singapore and São Paulo, is further complemented by the pan-European operations of Bank ABC in the UK, which has branches in Paris, Milan and Frankfurt and representative office in Istanbul.
Renowned as MENA’s leading international bank, Bank ABC [incorporated as Arab Banking Corporation BSC) was founded in 1980 and is headquartered in Manama, Kingdom of Bahrain. Our vast global network spans 15 countries across the Middle East, North Africa, Europe, the Americas and Asia and actively covers 25 markets.
A highly skilled and diverse workforce of more than 4,000 employees, forms the backbone of our business, upholding the legacy of one of the most dependable, ethical and progressive financial institutions in the region. Our teams deliver exceptional service standards, owing to a deep understanding of local markets and a genuine pursuit of excellence.
With innovation at the core of our business and guided by the mission to develop the “Bank of the Future”, at Bank ABC we proudly pioneer new technologies and streamline processes to create a seamless, bespoke and agile banking experience, tailored to cater to your evolving needs.
Listed on the Bahrain Bourse, our principal shareholders are the Central Bank of Libya and the Kuwait Investment Authority. With our comprehensive range of financial products, a unique global footprint, sectoral expertise, and astute market insights, we remain steadfast as your banking partner of choice.