Publication Date:
Wed, 2012-05-02 02:51
The group, which operates in more than 30 countries, posted $205 million as quarterly profits compared with $186 million in the same period of 2011.
The group’s Chairman Abdul Hamid Shoman attributed the jump in quarterly profits mainly to a growth in revenues and a retreat in provisions for the non-performing debts.
The balance sheet also reports a 2 per cent rise in the Arab Bank Group’s assets, to $46.4 billion at the end of March from $45.6 billion a year earlier.
The group’s total deposits also grew from $31.7 billion to $32.1 billion.
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