- RIYADH: Arab National Bank reported a net profit of $337 million for the first six months of 2010 compared to $384 million for the same period last year, a decrease of 12.3 percent.
ANB's total operating income for the first six months of 2010 reached $597 million compared to $632 million for the same period last year, a decrease of 5.4 percent. Assets as of June 30, reached $28.3 billion, and investments reached $6.1 billion, while the loans portfolio reached $17.3 billion and customer deposits reached $20.9 billion, ANB said in a press release on Monday.
The decline in profits of the first half of this year compared to the same period of 2009 came due to the decrease in net special commissions and creation of some provisions in support of its loans portfolio, the press release said.

