VOL. XLIV

No. 17

23-April-2001

BANK RESULTS

Arab Bank Group Reports 7% Rise In 2000 Profits

The Arab Bank Group has secured another year of profit growth with a net income of $241.2mn for the year 2000 a rise of 6.9% over the previous year on the back of a 9.8% rise in net interest income and a 2.9% rise in net commission income (see Table 1 overleaf). The group, which comprises Arab Bank Plc, its subsidiaries and Arab Bank (Switzerland), also reported an 11% rise in assets to $28,536mn and a...