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Jordan's Arab Bank reports small rise in Q1 profits
April 27, 2013 / 2:58 PM / 5 years ago

Jordan's Arab Bank reports small rise in Q1 profits

AMMAN, April 27 (Reuters) - Jordan-based Arab Bank Group made a net profit of $205.1 million in the first quarter of the year, up from $204.4 million in the same period last year, it said on Saturday.

The bank, one of the Middle East’s major financial institutions, which has a $45.6 billion balance sheet spread across 30 countries and five continents, said in a statement it was able to maintain healthy growth in revenues, with operational profits growing 7 percent in Q1. It gave no further figures. (Reporting by Suleiman Al-Khalidi; Editing by Greg Mahlich)

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