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Financials

Jordan's Arab Bank group says H1 net profit rises 4% to $453 mln

AMMAN, July 28 (Reuters) - Jordan’s largest lender, Arab Bank Group, reported a 4% rise in first-half net profit to $453 million, from $436 million a year earlier.

A statement on Sunday by the bank, one of the Middle East’s major financial institutions, said total loans rose 3% to $26.2 billion as of the end of June, while deposits also rose 3% to $34.1 billion. Group equity stood at $8.7 billion, it said.

Reporting by Suleiman Al-Khalidi; Editing by Daniel Wallis

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