USD218.3m — Arab Bank Profits for 1st Quarter of 2016

تم نشره في Mon 2 May / May 2016. 09:00 PM
  • Chairman of the Arab Bank Board of Directors, Sabeih Masri (Archives)

AMMAN —Al Ghad— The Arab Bank group maintained their positive profit streak over the first quarter of the year 2016, making net profits after taxation and interests amounting to USD218.3 million by March 31st, with an operational profit increase by 5 per cent and an USD8 billion equity for the period.

Credit facilitated grew by 3 per cent to USD24.4 billion, compared to last year’s USD23.7 billion of the same period, with a 2 per cent growth in deposits at USD35.4 billion, from the USD34.7 billion of March 31st, 2015.

Notably, the Arab Bank won the award for Best Bank in the Middle East 2016, from the Global Finance journal, based in New York, USA.