The Arab Bank Group recorded a 13% decline in profits of the first quarter of 2021 to $ 128.3 million compared to $ 147.6 million in the first quarter of 2020.
"The Arab Bank Group strategy is expanding its business in the Arabian Gulf region.
The Group's assets rose as on March 31, 2021 to $ 62.5 billion, of which 8.1 billion dollars belonged to Amman Arab Bank compared to $ 50.7 billion for the same period last year By 23%, credit facilities rose to 33.5 billion dollars, as at 31 March 202, of which $ 7.1 billion belonged to Amman Arab Bank compared to $ 26.2 billion for the same period last year and 28%, while customer deposits increased by 30% $ 45.8 billion, of which $ 7.1 billion belong to Amman Arab Bank compared to $ 35.2 billion for the same period last year.
"The Bank has maintained a solid capital base where total property rights reached $ 10 billion at the end of the first quarter of 2021.
> The positive financial results achieved by the bank in the first quarter of this year and in economic and health challenges imposed by the Kovid-19 mandate The previous period, which has not yet included the negative effects of this pandemic to express the bank's ability to deal flexibility and positively with all variables and achieve sustainable profits.
What is the results of the Arab Bank? The banking sector resulted as a result of Corona's pandemic and lower interest rates and declined by the World Trade Movement, as well as that the bank promoted building allocations as a preventive measure to cover future credit risk.
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