AMMAN - Arab Bank Group, Jordan’s largest lender, said on Sunday its first-half net profit rose by 20% to $182.4 million, adding that its results showed its resilience in the face the COVID-19 pandemic.
The bank, one of the Middle East’s major financial institutions, said in a statement that its assets stood at $63 billion at the end of June, a rise of $8.2 billion after consolidating its financial statements with its subsidiary Oman Arab Bank.
Customer deposits climbed 28% to $46 billion as of the end of June, while loans rose 27% to $33.8 billion. Group equity stood at $10.3 billion, it said.
(Reporting by Suleiman Al-Khalidi) ((firstname.lastname@example.org; +96279-5521407;))