- AMMAN: The Arab Bank Group, one of the Arab world’s largest banking establishments, posted 13 per cent in net earnings in the first six months of the year despite a spate of Arab uprisings, the group’s Chairman Abdul Hamid Shoman said.
Shoman put the group’s profits after tax in the first six months of 2011 at $327.2 million, compared with $289.5 million in the same period of 2010.”These positive results prove the Arab Bank Group’s ability of growth and its solid financial position which mainly depends on an effective risk management,” he said.The Arab Bank operates in more than 30 countries throughout the globe.The Arab Bank, a Jordanian share-holding company, also managed to raise its after tax semi-annual profits by 6.7 percent, to 155.3 million dinars from 145.5 million dinars in the same period of last year.