Amman-Mubasher: Arab Bank Group reported a net profit of $217.2 million during the first quarter of 2015, compared to $216.3 million in the same quarter of 2014, according to a filing to Amman Stock Exchange.
The statement showed a growth in Q1-15 loans and advances by 3% to reach $23.7 billion year-on-year, while customer deposits reached $34.7 billion. Loans and customer deposits grew by 6.3% and 4.4% respectively.
Arab Bank's CEO Nemeh Sabbagh said that the bank made a growth of 4% in operating profit after excluding the effect of exchange rate devaluations.
Liquidity continued to be high with a loan-to-deposit ratio of 68.4%, while the bank's capital adequacy ratio stood at 14.6%.
