---
title: "Bank ABC Islamic Reports $21.8M 9M 2026 Net Profit"
description: "Bank ABC Islamic reported net profit of $21.8 million for the first nine months of 2026, down from $39.4 million a year earlier."
canonical_url: "https://liners.com/news/bank-abc-islamic-9m-2026-net-profit-21-8m"
markdown_url: "https://liners.com/news/bank-abc-islamic-9m-2026-net-profit-21-8m.md"
type: "article"
language: "en"
published_at: "2026-11-13T18:40:15.598Z"
updated_at: "2026-11-13T18:40:18.812Z"
---

# Bank ABC Islamic Reports $21.8M 9M 2026 Net Profit

Bank ABC Islamic reported net profit of $21.8 million for the first nine months of 2026, down from $39.4 million a year earlier.

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## Content

## In Short
Bank ABC Islamic reported net profit of US$21.8 million for the first nine months of 2026, compared with US$39.4 million for the same period last year. The bank said the drop was mainly due to higher expected credit losses, which are the reserves it sets aside for loans that may not be repaid.

## What Happened: Bank ABC Islamic 9M 2026 Results
Bank ABC Islamic said total operating income after profit on murabaha and other payables and before attribution to quasi-equity was US$133.2 million, down 3.5% year on year. It also said net income attributable to quasi-equity decreased by 1%.

The bank’s key highlights also included operating expenses of US$7.4 million, unchanged from the corresponding period last year.

For the third quarter, Bank ABC Islamic reported net profit of US$5.7 million, compared with US$12.5 million for the same quarter last year. Operating expenses for the quarter were US$2.3 million, unchanged year on year.

The bank said credit loss allowances resulted in a charge of US$13.9 million for the nine-month period, compared with a write-back of US$2.6 million for the same period last year.

## Why It Matters: Credit Losses And Capital Strength
In comments included with the results, Managing Director Mr. Hammad Hassan said higher expected credit losses weighed on net profit amid continued geopolitical and economic uncertainty. He said the bank believes its “prudent approach to provisioning” remains appropriate.

On the balance sheet, Bank ABC Islamic’s total assets stood at US$3.002 billion as at 30 September 2026, compared with US$3.274 billion at year-end 2025.

## Sources and products

- [bank-abc.com](https://www.bank-abc.com/en/Media%20Relations/PressRelease/bank-abc-islamic-announces-net-profit-of-usd21-million-for-the-first-nine-months-of-2026)
- [Bank ABC](/bank-abc)

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