VOL. XXXIX

No. 30

22-April-1996

JORDAN

Arab Bank Announces Profits Up By 19%

'Amman-based Arab Bank Group (ABG), one of the largest financial institutions in the Arab world, has announced a second year of healthy profits growth as post-tax profits increased 19% to $168mn for 1995. The years of almost continuous political turmoil in its core area of operation, the Near East, has left Arab Bank with the reputation for conservatism - reflected in its dividend policy and a highly liquid...