Arab Bank Group reports first quarter 2022 net profit of $166 million

Arab Bank Group reports first quarter 2022 net profit of 6 million

DUBAI, UNITED ARAB EMIRATES, 29 APRIL: Arab Bank Group reported net income after tax for the first quarter of 2022 of $166 million as compared to $128.3 million for the prior period, recording an increase of 29.4%. The Group loan portfolio grew by 5% to reach $35.2 billion as of March 31, 2022 compared to $33.5 billion for the same period last year, while customer deposits grew by 3% to reach $47.3 billion compared to $45.8 billion for the same period last year. The increase in loans and deposits in…