Arab National Bank posts Q1 profit of $157m

12 April 2011

Saudi-based Arab National Bank (ANB) has said its net profit for the first quarter of 2011 fell to $157m from $169m in the same period last year due to higher operating expenses, Arab News has reported. Customer deposits grew 14% to $24bn from $21bn for the same period last year. Assets also rose 9% to $32.1bn, compared to $29.3bn a year earlier.

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