The bank stated that its total operating income for Q1, 2011 reached $297 million compared to $300 million for the same period last year, a decrease of 1 percent.
Special commissions profit reached $212 million for Q1 compared to $214 million for the same quarter last year, representing a decrease of 1 percent, while Q1, 2011 earnings per share reached $0.18 compared to $0.20 for the same period last year.
ANB assets as in March 31, 2011 reached $32.1 billion against $29.3 billion for the same period last year representing an increase of nine percent. Investments reached $8.2 billion compared to $7.5 billion for the same period last year representing an increase of nine percent, while the loans portfolio reached $18 billion against $17.5 billion for the same period last year representing an increase of three percent.
Customer deposits reached $24 billion against 21 billion for the same period last year representing an increase of 14 percent.
The bank said the decrease in profits of Q1, 2011 compared to Q1 2010 was due to the increase of the operating expenses.
