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30 January 2016 Dubai, UAE - Arab Bank reported net operating income at the end of 2015 of USD 1.1 billion and net income after tax and provisions of USD 442 million compared to USD 557 million in 2014 after having taken legal provisions of USD 349 million. This follows a settlement agreement which was entered into without any admission of wrongdoing and upon terms satisfactory to the Bank with rePress Release - 30-Jan-2016
According to a statement released by the bank Saturday, shareholders' equity reached US$8.2 billion at the end of September 2015 due to the growth in bank's profits.Amwal Alghad - 24-Oct-2015
Arab Bank Plc described as "inaccurate" a report that it would pay "slightly more" than USD 1 billion to settle litigation brought by hundreds of Americans who accused it of facilitating militant attacks in Israel.Reuters News - 21-Aug-2015
According to Reuters, the settlement was confirmed on Friday by Michael Elsner, a lawyer for the plaintiffs, and a spokesman for Arab Bank. The terms were not disclosed.Jordan Times - 16-Aug-2015
(The following statement was released by the rating agency)DUBAI/LONDON, June 11 (Fitch) Fitch Ratings has affirmed Jordan-based Arab Bank PLC&aposs (Arab Bank) Long-term Issuer Default Rating (IDR) at &aposBBB-&apos and Viability Rating (VR) at &aposbbb-&apos, and Arab Bank Australia Limited&aposs (ABAL) Long-term IDR at &aposBBB-&apos and VR at &aposbb+&apos. The Outlook on both IDRs is NegativeReuters News - 11-Jun-2015
Changes in the global political climate have resulted in increasing uncertainty in trading markets and economies around the world. For investors, this could be either a great time to invest in assets or a better time to protect their net worth.
The UAE is embracing technology innovation with a vengeance and has seen digital payment systems become a key area of focus.