Turn on more accessible mode
Turn off more accessible mode
Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Our Strategy
Financials
Overview
Quarterly Reports 2010
Annual Report 2009
Annual Report 2008
Annual Report 2007
Annual Report 2006
Annual Report 2005
Annual Report 2004
Annual Report 2003
Annual Report 2001
Previous Quarter Results
Pillar Disclosures
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Investor Relations
Financial News
FinancialNews
31-07-22
Jordan’s Arab Bank registers 38 percent surge in January-June net income to USD252m
(MENAFN) Arab Bank, Jordan’s main lender, recorded a 38 percent rise in January-June period net profit of USD252 million against USD182.4 million for the same months in 2021 after a rise in loans, deposits, net interest as well as commission income.
The lender’s loan portfolio increased by 6 percent to amount to USD35.7 billion as of June 30 in comparison with USD33.8 billion for the same span of time in 2021, it stated on Saturday.
The bank stated that customer credits surged 2 percent to amount to USD47.1 billion, in comparison with USD46 billion for the January-June period in 2021.
The outcomes show that the bank’s “prudent operating policies and strong financial position, despite a challenging economic environment”, according to Sabih Masri, chairman of the board of directors.
The worldwide economy has weakened in the April-June period of 2022 as high inflation has enforced most central banks to aggressively increase interest rates.
Market volatility after the ongoing war in Ukraine, supply chain disruptions, the decelerating Chinese economy as well as peak energy costs have added to international headwinds.
MENAFN31072022000045014228ID1104619139
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us