February 2, 2019 / 12:56 PM / 6 months ago

Jordan's Arab Bank 2018 net profit jumps 54 pct to $820.5 mln

AMMAN, Feb 2 (Reuters) - Jordan’s largest lender, Arab Bank Group, said 2018 net profit jumped 54 percent to $820.5 million after transferring $325 million in surplus provisions it had put aside after the bank settled a major legal case.

The bank said in a statement that its operational profit rose 8 percent. Total deposits rose to $34.3 billion compared with $33.8 billion in the same period the previous year. (Reporting by Suleiman Al-Khalidi, editing by Louise Heavens)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below