ABBSApple Bulletin Board System
ABBSAssociation of Bicol Business Students (Philippines)
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Besides, ABBS being a directly owned subsidiary of Al Baraka Banking Group, a leading Bahrain based Islamic Banking Group, it derives strategic guidance from its parent's international experience and established banking processes and systems in risk management and internal controls and in compliance with international regulations including anti-money laundering regulations.
Adnan Ahmed Yousif, the President & Chief Executive of Al Baraka Banking Group and Chairman of ABBS commented that the ratings are indeed a milestone for ABBS and represents an endorsement of its good performance despite the challenging conditions, in addition to meeting the high standards of Shari'ah compliance and corporate governance.
The capital ratio of ABBS is strong and higher than the minimum required and the average of the banking industry in Sudan and scope exists for further growth.
Initial testing confirmed the system's principles and ABBS is now seeking partnership for shifting from concept to production.