Bank ABC revealed in a statement the financial results for the third quarter and for the first nine months of 2020 since the beginning of the year, the net losses attributable to the shareholders of the parent company were $ 56 million, which improved from about $ 67 million at the end of the first half of the year. , And continues to be affected by increased loan loss provisions largely related to a major fraud issue and the impact of the COVID-19 pandemic.
According to the statement, Bank ABC continued to face unprecedented market conditions with a solid balance sheet and strong main business revenues, and achieved profits of $ 191 million before the provisions were deducted, which improved from $ 114 million at the end of the first half of the year.
