AMMAN: First-half net profit at Jordan's Arab Bank, one of the Middle East's largest financial institutions, rose by 7.5 percent to $387 million compared with the same period a year ago, the bank said on Saturday.
The bank's chairman Sabih Masri was quoted as saying in a statement its "strong performance reflected the bank's ability to deal with a challenging environment in the region and to grow in its core markets."
The statement cited an upturn in the oil-producing Arab Gulf region, where the bank has a strong presence.
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