Financial and Banking News


Arab Bank Group's Profits Stagnate 

The Amman-based Arab Bank Group has released figures for 1984 showing a 0.6% decline in its net income from $65.4mn to $65mn, despite a 10% gain in profits from its Jordanian operations to JD24.5mn ($60.5mn) and an 8% gain its profits from Arab Bank (Switzerland) to SF8.8mn ($3.4mn). The Jordanian and Swiss banks in 1984 accounted for 98% of the Group's profits, and 76% of its total assets (less...