UPDATE 1-Jordan's Arab Bank Group 9-month net profit rises 4% - Reuters:
Jordan’s largest lender, Arab Bank Group, said on Monday its January-September net profit rose 4% to $668.9 million, driven by growth in core banking income.
Arab Bank Group’s net interest income rose by 5% as a result of higher yields, while loans rose 3% to $26.1 billion as of the end of September.
Deposits rose 4% to $34.7 billion compared with the same period last year, the statement showed.
The bank, one of the Middle East’s major financial institutions and owner of 40 percent of Saudi Arabia’s Arab National Bank ANB, gave no third-quarter figures.
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