Arab Bank Posts $183Mn Net Profit for 2002
Jordans Arab Bank has posted an after-tax profit of JD130mn ($183mn), which Chairman 'Abd al-Majid Shoman described as maintaining the high profitability despite the turbulent political and economic conditions in this region and the world at large, especially with interest rates going down to unprecedented levels. Net interest income fell 3% from 2001 levels to JD260mn ($366mn), while non-interest income grew 21% to...
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