Arab Banking Corporation announced its consolidated Group net profit for the first nine months of 2013 was US$178 million, a 13% increase over the US$158 million reported for the same period last year. Net profit for the third quarter was US$66 million, 25% higher than the previous year. Total operating income for the third quarter amounted to US$208 million, 4% higher than the US$200 million achieved during the same period last year. Robust year-on-year growth in revenues on the back of increased treasury, trade finance and Islamic activities was softened by translation impact from adverse exchange rate movements in emerging markets. Source: Local Press Release
Posted on: Mon, 28 Oct 2013 08:01:12 +0000