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,
Arab Bank Group reported 5.4 per cent growth in net profits after taxes and provisions for the first quarter of 2014, reaching $216.3 million compared to $205.1 million for the same period last year.
Customer deposits also increas
Jordan's largest lender, Arab Bank Group, posted a 43 percent rise in net profit to $501.9 million last year on higher revenues, with its chairman saying a conservative policy eased the impact of political upheaval across the region.
Arab Bank won the ‘Best Cash Manager in the Middle East 2013’ from the Global Investor ISF Magazine, published by Euromoney, at a ceremony held in Doha recently.
The Jordan-based bank was recognised for its global cash
Arab Bank was awarded the title of 'Regional Bank of the Year' for 2013 from Arabian Business during a ceremony held at the JW Marriott Marquis in Dubai.
The bank received this award in recognition of its leading banking s
Jordan's Arab Bank, one of the largest Middle East financial institutions, expects double-digit growth in net profit in 2013, bank officials said on Saturday.
The bank reported first-half net profit up 7.5 percent to $387 mill