ARAB NATIONAL BANK Arab National Bank reported a net profit of USD 431.2 million for the first six months of 2017, compared to USD 417.9 million for the same period last year, an increase of 3.2%.
Profits of the second quarter of 2017 reached USD 226.4 million compared to USD 218.1 million for the same period last year.
ANB total operating income for the first six months of 2017 reached USD 831.1 million compared to USD 790.6 million for the same period last year, an increase of 5.1%.
Assets as of June 30, 2017 reached USD 45.6 billion, and investments reached USD 6.6 billion, while the loans portfolio reached USD 30.6 billion and Customer deposits reached USD 34.9 billion.
Commenting on the Bank's results, Dr. Robert Eid, Managing Director and Chief Executive Officer said; "the increase in the Bank's profits resulted principally from balanced growth in various business lines, and its conservative risk management culture."
ANB - Arab National Bank published this content on 23 July 2017 and is solely responsible for the information contained herein.
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