VOL. XXXII
NO. 29
24-APRIL-1989
Financial and Banking News
REGIONAL BANKING
Arab Bank Hit by JD Decline
The 1988 financial results of the Amman-based Arab Bank Ltd and its overseassubsidiaries shows that the bank has been severely hit by the rapid and steepdepreciation in the value of the Jordanian Dinar (JD) during 1988. The bank'sJordanian operations still form the mainstay of its activities, and havealways provided the lion's share of group profits and the 44% decline of the JDvis-a-vis the US...
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