Mubasher: Jordan's Arab Bank said its profits for the second quarter of 2016 (Q2-16) rose by 0.42% year-over-year, according to a press release.
According to Mubasher calculation, the bank earned $206.55 million during Q2 -16, compared with $205.68 million for the year-ago quarter.
In the first six months, the bank's financial results revealed that its earnings increased by 0.5% year-over-year to $424.9 million from $422.9 million.
In addition, its credit facilities and client deposits moved up by 3% to $24.2 billion and $34.8 billion respectively.
In the first quarter, the bank's profits grew 0.52% year-on-year to $218.35 million from $217.22 million.
