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Jordan's Arab Bank Group Q1 net profit rises 5.4 pct
April 26, 2014 / 2:22 PM / 3 years ago

Jordan's Arab Bank Group Q1 net profit rises 5.4 pct

AMMAN, April 26 (Reuters) - Jordan-based Arab Bank Group said on Saturday its first-quarter net profit rose 5.4 pct to $216.3 million due to prudent lending policies in a period of regional turmoil.

The bank, one of the Middle East’s major financial institutions with a $46.4 billion balance sheet, said in a statement net interest and commissions grew 4 and 8 percent respectively compared with the same period last year.

Reporting by Suleiman Al-Khalidi; Editing by Erica Billingham

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