Arab Banking Corporation posts $75m H1 profit

29 July 2010

Bahrain-based Arab Banking Corp (ABC) has posted $75m in net profit for the first six months of 2010, 39% higher than the corresponding period of 2009. Net profit for the second quarter dropped to $34m from $41m in the first quarter, due to impairment provisions taken for regional as well as global exposures, the bank said.

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