Arab Bank Group, Jordan's largest lender said full year profit increased 15 percent in 2012 from the previous year as net interest income grew.
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The Amman-based bank said 2012 net profit increased to US$352m from US$305.9m the previous year, despite "a challenging political and economic environment," and a result of "prudent risk management policies," chairman Sabih Masri said in a statement.
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Customer deposits increased 3.8 percent to US$32.9bn from the previous year, while the bank's net operating income grew 8 percent in 2012 as a result of an increase in net interest income and maintaining expenses under control, CEO Nemeh Sabbagh said.
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The bank, which operates in more than 30 countries, had a 15.09 percent capital adequacy ratio at the end of the year, he said.
http://www.arabianbusiness.com/arab-bank-full-year-profit-up-15--488078.html
.
The Amman-based bank said 2012 net profit increased to US$352m from US$305.9m the previous year, despite "a challenging political and economic environment," and a result of "prudent risk management policies," chairman Sabih Masri said in a statement.
.
Customer deposits increased 3.8 percent to US$32.9bn from the previous year, while the bank's net operating income grew 8 percent in 2012 as a result of an increase in net interest income and maintaining expenses under control, CEO Nemeh Sabbagh said.
.
The bank, which operates in more than 30 countries, had a 15.09 percent capital adequacy ratio at the end of the year, he said.
http://www.arabianbusiness.com/arab-bank-full-year-profit-up-15--488078.html
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