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Arab National Bank reports net profit of $673m for 2013  Join our daily free Newsletter

MENAFN - Arab News - 11/01/2014

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(MENAFN - Arab News) Arab National Bank (ANB) has reported a net profit of 673 million for 2013 compared to 632 million in 2012.
The bank's total operating income reached 1,363 million compared to 1,269 million for the same period last year, an increase of 7.4 percent, according to a statement.

By the end of 2013, assets reached 36.8 billion and investments reached 7.5 billion, while the loans portfolio reached 23.6 billion and customers' deposits reached 28.4.

Commenting on the bank's results, Robert Eid, managing director and CEO, said: "The increase in the bank's profits resulted principally from balanced growth in various business lines, and its conservative risk management culture."

 






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