Jordan-based Arab Bank has announced an increased profit of US$424.9 million for the first half of this year compared with the $422.9 million it recorded for the same period last year.
The group said results were driven by the bank's diversified business model allowing it to withstand volatile market conditions. Loans and advances reached $24.2 billion with customer deposits stable at $34.8 billion; both loans and customer deposits grew by 3%.
The bank admitted that conditions were challenging and required focus and vigilance with the long-term implications of the Brexit decision still unknown.
GMT 22:36 2017 Friday ,19 May
Jordan secures $100m loan from Islamic Bank for DevelopmentMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor