ANB registers net profit of $384m.
Total operating income at the Saudi Arabian bank increased by 6.5pc to reach $631.7m, and net special commission income increased by 4.4pc to reach $481.6m.
Net profit of the second quarter reached $198.9m compared to $200.5m for the same period last year, a decline of 0.8pc.
The bank continued to maintain strong ratios. Assets increased by 4.3pc to reach $30.69 billion, investments grew by 23.7pc to $7.36bn.
The loan portfolio rose by 1.8pc to $18.98bn and customer's deposits grew by 0.4pc to $22.72bn.
"The half yearly results are a reflection of the bank's conservative culture and policy of balanced growth," said managing director and chief executive officer Dr Robert Eid.
Copyright 2009 Gulf Daily News
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|Publication:||Gulf Daily News (Manama, Bahrain)|
|Article Type:||Financial report|
|Date:||Jul 22, 2009|
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