Arab Banking Corporation, or ABC, announced that its net profit for the second quarter was $66m, 18% higher than $56m reported last year. The Arab Banking Corporation has announced that its consolidated group net profit for the first half of 2014 was $137m, a 22% increase when compared to $112m for the same period last year, Khaleej Times reported. Net profit for the second quarter was $66 million, 18% higher than $56m reported last year. Total operating income for the second quarter amounted to $242m on the back of growth in business volumes across all our geographies. This was 15% higher than the $210m achieved during the same period last year.
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