VOL. XLV

No 32

12-August-2002

JORDAN

Arab Bank Sees 5.3% Slip In Net Income For TheFirst Half

Jordanbased Arab Bank Group has reported a 5.3% decline in net income in the firsthalf of this year to $158.3mn from the $167.2mn reported in the first half of2001. Pre-tax profits fell to $190.3mn, compared to $208.1mn in the first halfof 2001. One of the reasons for the slip in net income was the increase ingeneral and administrative expenses, which climbed to $173.6mn from $164.0mn.Of the components...