VOL. XLIII

No. 18

1-May-2000

JORDAN

Arab Bank Records Flat Profits But Predicts Net Income Growth Of 8% In 2000

The Amman-based Arab Bank Group, which comprises Arab Bank Plc and Arab Bank (Switzerland) plus a group of subsidiaries, recorded a 0.8% rise in net income in 1999 to $225.6mn from $223.7mn, compared to a 1.3% rise in the previous year (MEES, 19 April 1999). The Arab Bank Plc alone reported a decline in net income of 4.7% from the previous year to JD120.5mn ($169.7mn). Net interest...