The Arab Bank Group recorded a net profit after taxes and provisions amounting to $182.4 million for the period ending on June 30, 2021, compared to $152.1 million in the corresponding period for the year 2020, with a growth rate of 20%. The bank also maintained a capital base of total equity of $10.3 billion. At the end of the first half of 2021.
According to Arabiya Net, Chairman of the Board of Directors, Sobeih Al-Masry, said that the financial results achieved by the bank in the first half of this year demonstrate the potential strength of the diversification of the bank's business model and its prudent approach in Managing all variables and risks and achieving a better level of profitability in light of the Corona pandemic.
He affirmed his confidence in the ability of the Arab Bank to overcome challenges and continue to achieve the best results and achievements at various levels, praising the institutional approach adopted by the Arab Bank Group in the field of sustainable community development.
Nama Sabbagh, Executive General Manager of the Arab Bank, said that the Arab Bank's results during the first half of 2021 confirm the bank's ability to work strategically according to an effective risk management approach. In the face of challenges.
