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Arab Bank 9-month profit falls
- Jordan: Tuesday, November 03 - 2009 at 09:27
Jordan-based Arab Bank recorded a 25% fall in net profit in the nine months to September, after increasing its bad loan provisions in the third quarter, Reuters has reported, citing the lender's financial statements. The bank had allocated $54.6m in provisions for non-performing loans in the third quarter, pushing up total provision at September 30 to $742m from $647.5m in the same period last year, the statements showed.
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StaffTuesday, November 03 - 2009 at 09:27 UAE local time (GMT+4)
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