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Arab Bank reports 7% increase in first-half net income

: Saturday, July 19 - 2014 @ 03:56

Jordan-headquartered Arab Bank has posted a 7% rise in first-half net profit, underpinned by growing revenues, Reuters has reported. Net profit after provisions was $414.9m, against $387.3m in the opening six months of 2013, the bank said. Net interest and commissions rose 3% and 7%, respectively, compared with the same period last year, the lender said.

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Saturday, July 19- 2014 @ 3:56 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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