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Arab Bank FY14 profit rises to $577m

Arab Bank FY14 profit rises to $577m
Photo Credit: Arabianeye-Reuters
Arab Bank
ARBK
-0.85% 4.69 -0.04


Arab Bank announced today its financial statements to the Amman Stock Exchange (ASE) for the fiscal year (FY) ending December 31, 2014, reporting a net profit rise by 15% to $577.2 million against $501.9 million in the corresponding period of 2013.


Financial results for the Bank showed a rise in operational revenues by 4% to $1.877 billion during the same period, compared to $1.81 billion.


The customer deposits grew 2% to $35 billion by the end of 2014 against $34.4 billion by the end of 2013. 


Arab Bank’s net profit after taxes added 10% to $614.2 million during the nine-month period ending September 30, 2014, compared to $559.1 million during the same period of 2013.
 

The Bank’s capital amounts to JOD 56.96 million, distributed on 56.96 million shares at JOD 0.1 par value each.