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Arab Bank reports 5.4% increase in quarterly earning

April 27, 2014 12:55 am

Jordan-based Arab Bank Group has posted a 5.4% increase in net profits after taxes and provisions for the first quarter of this year to $216.3m from $205.1m for the same period in 2013. Customer deposits rose by 4% as of March 31, 2014 to $34.3bn, compared with $33bn a year earlier. Total credit facilities also climbed 2.5% to $23.1bn, compared with $22.6bn as of March 31, 2013.