Arab Bank profits reach $ 436 million in the first quarter of 2018



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Oman – The Arab Bank Group (listed on the Amman Stock Exchange) posted a net profit of 5% year on year to $ 436 million in the first half of 2018.

Consolidated net profit after taxes and provisions Of $ 415.2 million for the same period in 2017.

The Bank's operating profit increased by 13% to $ 668.5 million, while its credit portfolio has increased by 3% to $ 25.5 billion.

Group "Naama Sabbagh" that the net interest of the main banking business increased 12 percent to $ 634.3 million.

Source Agency Anatolia

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