Arab Bank’s half-year profits up 13%

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.