April 28, 2019 / 6:06 AM / 3 months ago

Jordan's Arab Bank group Q1 net profit rises 5.2 pct to $231.8 mln - statement

AMMAN, April 28 (Reuters) - Arab Bank Group, Jordan’s largest lender, said on Sunday its first-quarter net profit rose 5.2 pct to $231.8 million, up from $220.3 million a year earlier, with loans and customer deposits continuing to grow.

The bank, one of the Middle East’s major financial institutions, said in a statement that both loans and customer deposits increased and now stood at $25.8 billion and $33.7 billion respectively. (Reporting by Suleiman Al-Khalidi; editing by Richard Pullin)

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