Jordan's largest lender, Arab Bank Group, said on Saturday its 2015 net profits fell to $442 million, from $577 million a year earlier, after putting aside hundreds of millions to cover a legal settlement in the US.
Jordan's largest lender, Arab Bank Group, said its January-September net profit came to $615.1 million, barely changed from $614.2 million in the same period last year.
It said its loans book and customer deposits had continue
Arab Bank Plc on Friday described as "inaccurate" a report that it would pay "slightly more" than $1 billion to settle litigation brought by hundreds of Americans who accused it of facilitating militant attacks in Israel.
Arab Bank has agreed to settle litigation brought by hundreds of Americans who accused it of facilitating militant attacks in Israel, nearly a year after a US jury found the bank liable.
The settlement was confirmed on Friday by M
Leading Jordanian lender Arab Bank Group has reported a net profit after tax and provisions of $422.9 million for the first half, up two per cent over $414.9 million in the same period last year.
The group’s net profit befor
Telr, a Singapore and Dubai-based emerging market focused online payment gateway, and Arab Bank, have signed an e-commerce ‘Payment Facilitator Agreement.’
Under the deal, Telr will be responsible for onboarding e-merc
Arab Bank Group reported net profit after tax and provisions for the nine months period ending September 30 of $614.2 million, up by 10 per cent from $559.1 million in the same period last year.
Sabih Masri, Arab Bank’s chai
A US jury on Monday found Arab Bank Plc liable for providing material support to Hamas and said it must compensate victims of two dozen attacks attributed to the Islamic militant group in Israel and the Palestinian territories.
Jordan-based Arab Bank on Wednesday reported first-half net profit up 7 percent year on year.
Net profit after tax and provisions for the bank, which has operations across a number of Middle Eastern countries, was $414.9 million,