AMMAN: Jordanian lender Arab Bank Group’s said its nine-month net profit rose 10 percent to $614m compared to last year, attributing it to a diversified portfolio with growth in key markets and a prudent risk strategy.
One of the Middle East’s major financial institutions, it said yesterday that total loans rose 2.2 percent to $23.7bn at end-September, while deposits grew 3.5 percent to $34.1bn compared to the same period last year. The bank gave no figures for third quarter net profits.
Reuters
