Arab National Bank reported a net profit of USD 204.8 million for the first quarter of 2017 compared to USD 199.8 million for the same period last year, an increase of 2.5% and total operating income for the first quarter of 2017 reached USD 394.8 million compared to USD 385.9 million for the same period last year, an increase of 2.3%.


Earnings per share for the first three months reached USD 0.21 compared to USD 0.20 for the same period last year. ANB assets at March 31, 2017 reached USD 44.9 billion against USD 44.4 billion for the same period last year representing an increase of 1.1%. Investments reached USD 6.7 billion compared to USD 6.3 billion for the same period last year, while the loans portfolio reached USD 30.9 billion and customer deposits reached USD 35.2 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 18 April 2017 and is solely responsible for the information contained herein.
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