{"id":32479,"date":"2020-08-15T11:14:35","date_gmt":"2020-08-15T11:14:35","guid":{"rendered":"https:\/\/tabadul.demo.ly\/en\/bank-abc-reports-a-net-loss-of-67-million\/"},"modified":"2020-08-15T11:14:35","modified_gmt":"2020-08-15T11:14:35","slug":"bank-abc-reports-a-net-loss-of-67-million","status":"publish","type":"post","link":"https:\/\/tabadul.tv\/en\/bank-abc-reports-a-net-loss-of-67-million\/","title":{"rendered":"Bank ABC reports a net loss of $67 million"},"content":{"rendered":"\n<p> Bank ABC (Arab Banking Corporation) announced its results for the first half of this year reporting a net loss of $67 million, attributable to the shareholders of the parent as a result of increase in loan loss provisions, largely related to a major client fraud case.  <\/p>\n\n\n\n<p>A  significant H1 ECL charge of $174m (H1 2019 $21m) largely as a result of a major client fraud, combined with the forward-looking nature of IFRS9, pushed the group to a net loss of $67m. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank ABC (Arab Banking Corporation) announced its results for the first half of this year reporting a net loss of $67 million, attributable to the shareholders of the parent as a result of increase in loan loss provisions, largely related to a major client fraud case. A significant H1 ECL charge of $174m (H1 2019 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":37029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9271],"tags":[10519],"class_list":["post-32479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-al-siddiq-al-kabirbank-abcfraud"],"_links":{"self":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts\/32479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/comments?post=32479"}],"version-history":[{"count":0,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts\/32479\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/media\/37029"}],"wp:attachment":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/media?parent=32479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/categories?post=32479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/tags?post=32479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}