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Arab Bank reports Q1 profits despite 'difficult conditions'
- Jordan: Sunday, April 28 - 2013 at 03:35
Jordan-based Arab Bank Group has reported $205.1m in net profits in the first quarter of the year, up from $204.4m in the same period last year, Reuters has reported. The bank, which has a $45.6bn balance sheet spread across 30 countries and five continents, said that "despite the difficult conditions in the region," it was able to maintain healthy growth in revenues, with operating profits up 7% for the quarter.
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