Mubasher TV
Contact Us Advertising   العربية

Arab Banking FY14 profit jumps 14.9%

Arab Banking FY14 profit jumps 14.9%
Photo Credit: Arabianeye-Reuters
ABC Bank
ABCO
-2.82% 0.69 -0.02


Cairo-Mubasher: Arab Banking Corporation announced its financials to Amman Stock Exchange (ASE) for the fiscal year (FY) 2014, during which it reported a profit growth by 14.9% to JOD 13.4 million ($18.8 million) compared to JOD 11.69 million ($16.4 million) during FY13.


Operating income gained 9.2% to JOD 44.29 million during the period, compared to JOD 40.5 million.


Financials showed a jump in the corporation’s assets by 15% to JOD 1.100 billion in FY14, compared to JOD 956 million in FY13.


Worth noting, Arab Banking had reported a profit rise by 2.65% to JOD 6.3 million during the first half of 2014, compared to JOD 6.15 million during the corresponding period of 2013.