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Jordan- Arab Bank posts 2 rise in first half profit
(MENAFN- Arab News) AMMAN: Arab Bank Group Jordan's largest lender said its first-half net profit rose 2 percent to $422.9 million year-on-year.
The bank one of the Middle East's major financial institutions with a $46.4 billion balance sheet said customer deposits rose slightly to $34.8 billion from $34.4 billion in the same period last year. Loans stood at $24.1 billion at end of June against $23.7 billion a year before.
Net operating income rose by 4 percent to $590.8 million.
The bank one of the Middle East's major financial institutions with a $46.4 billion balance sheet said customer deposits rose slightly to $34.8 billion from $34.4 billion in the same period last year. Loans stood at $24.1 billion at end of June against $23.7 billion a year before.
Net operating income rose by 4 percent to $590.8 million.
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