ABC profits up for third quarter

01 December 1995

Arab Banking Corporation (ABC) reported a 6 per cent rise in earnings for the first nine months of 1995. Net profits were $101 million for the nine months to September 1995, compared with $95 million for the same period a year earlier.

Assets on 30 September were 3 per cent higher than 12 months earlier at $19,748 million, mainly due to a rise in loans and placements with banks. The securities portfolio was reduced by 20 per cent during the 12 month period to $1,920 million. Customer deposits rose 14 per cent to $9,164 million while deposits from banks fell 12 per cent to $6,796.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications