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Arab Bank Group posts 10% profit rise in Jordan

Jordan-headquartered Arab Bank Group has posted a 10% increase in its first-half net profits to $360m, compared with the same period a year earlier, thanks to lower provisions and a rise in operational income despite political upheaval that hit the region, Reuters has reported. The bank saw deposits rise 3.6% to $32bn at the end of June 2012 against the same period last year, chairman Abdel Hamid Shoman said.