Jordan’s Arab Bank says H1 net profit $424.9m

Amman: Jordan’s largest lender, Arab Bank Group, reported a first-half net profit of $424.9 million, barely changed from $422.9 million in the same period last year. Its loan book and overall operations continued to grow despite exchange-rate fluctuations, it said on Sunday. Total loans rose 3 per cent to $24.2 billion as of the end of June, while deposits were unchanged at $34.8 billion compared with the same period last year.