Saudi- Arab National Bank reports 767m net profit for 2014

(MENAFN- Arab News) Arab National Bank (ANB) has reported a net profit of $767 million for 2014 compared to $673 million in 2013.ANB total operating income reached $1469 million compared to $1363 million for the same period last year an increase of 7.8 percent.By the end of 2014 assets reached $43.9 billion and investments reached $9.0 billion while the loans portfolio reached $27.7 billion and customers' deposits reached $34.6 billion.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.'