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Jordan's Arab Bank 2013 net profit up 43 pct
January 25, 2014 / 2:41 PM / 4 years ago

Jordan's Arab Bank 2013 net profit up 43 pct

AMMAN, Jan 25 (Reuters) - Jordan’s largest lender, Arab Bank Group, posted a 43 percent rise in 2013 net profit to $501.9 million on the back of higher revenues, with its chairman saying a conservative policy eased the impact of political upheaval across the Arab region.

Chairman Sabih al-Masri said in a statement the bank, one of the Middle East’s major financial institutions with a strong presence across the region, saw deposits increase by $1.5 billion to $34.4 billion against $32.9 billion at the end of 2012. (Reporting by Suleiman Al-Khalidi; Editing by Janet Lawrence)

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