VOL. XLI

No. 15

13-April-1998

JORDAN

Arab Bank Produces A Solid Performance In 1997

Arab Bank Group, the Amman-based financial giant which ranks among the largest banks inthe Arab world* and which dominates trading on the Amman Financial Market, has announcedpost-tax profits of $221mn for 1997, an increase of 12%. The dividend was held flat at amodest $33mn. Asset quality is good, with non-performing loans held at $354mn or 4.38% oftotal loans, amply covered by provisions of $413.8mn. Returns...