Arab Today, arab today jordan’s arab bank releases strong results
Last Updated : GMT 09:29:19
Arab Today, arab today
Arab Today, arab today

Jordan’s Arab Bank releases strong results

Arab Today, arab today

Arab Today, arab today Jordan’s Arab Bank releases strong results

Beirut - Arabstoday

Jordan-Based Arab Bank reported Monday a 13 percent growth in net profit year on year for the first nine months of 2012 with total assets standing at $45.2 billion. Net profits after tax and provisions reached $484.5 million compared to $428.8 million for 2011. Arab Bank CEO Nemeh Sabbagh attributed the growth in net profits to an increase in operating and net interest income. Operating income increased 7 percent to reach $1329.2 million, up from $1245.9 million, while operating expenses grew by 5 percent. Customer deposits grew to $32.4 billion, while credit facilities reached $20.1 billion. The bank, which has a network spanning over 30 countries, announced a high capital adequacy ratio of 14.73 percent exceeding the 8 percent minimum required by the Basel Committee with a loan deposit ratio of 62 percent. Credit rating agency Fitch affirmed on July 25 the rating of Arab Bank at A- with a stable outlook. A statement released by the bank said Chairman Sabih Masri was “pleased with these positive results at a time when a number of countries in the region are facing a challenging environment and the world economy is slowing down.” The board of Arab Bank elected Masri in August to take over at the helm of the bank after the resignation of Abdel Hamid Shoman in a dispute over the chairman’s power. Shoman abruptly resigned on Aug. 16 after the board and key shareholders failed to back him in a power struggle with CEO Sabbagh, in which Shoman was accused of meddling in the day-to-day running of the bank. From DailyStar

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today jordan’s arab bank releases strong results Arab Today, arab today jordan’s arab bank releases strong results

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday