Arab Banking Corp H1 profit soars 55%

MANAMA - Arab Banking Corporation has announced that its consolidated group net profit for the first half of 2011 was $116 million, 55 per cent higher than last year.

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Published: Tue 19 Jul 2011, 11:35 PM

Last updated: Tue 7 Apr 2015, 4:37 AM

Net profit for the second quarter was $68 million compared to $48 million in the first quarter, due to increased revenues and reduced net impairment provisions.

Total operating income for the second quarter amounted to $207 million, five per cent above the $197 million in the first quarter.

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