VOL. XXXVIII
NO. 30
24-APRIL-1995
Financial and Banking News
Bank Results
Arab Bank Reports $141Mn In Net Profits
The Amman-based Arab Bank Group (ABG), one of the largest banks in the Arabworld, has announced a substantial 32% increase in net profits. Profits for theyear to 31 December 1994 were $141mn, compared to $107 mn in 1993. The accounts show that, in terms of asset mix, Arab Bank has moved out of cash andinter-bank assets and into loans and trade instruments. Most indicators wereimproved:
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