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Arab Bank H1 net profit stays steady $424.9m

AMMAN, July 24, 2016

Jordan's largest lender, Arab Bank Group, reported a first-half net profit of $424.9 million, barely changed from $422.9 million in the same period last year.

Its loan book and overall operations continued to grow despite exchange-rate fluctuations, it said on Sunday.

Total loans rose 3 percent to $24.2 billion as of the end of June, while deposits were unchanged at $34.8 billion compared with the same period last year.  - Reuters




Tags: Jordan | Arab Bank |

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