Latest news with #ArabBankGroup
Hi Dubai
2 days ago
- Business
- Hi Dubai
Arab Bank Group Reports 6% Rise in H1 2025 Profits, Reaching $535 Million
Arab Bank Group reported solid results for the first half of 2025, with 6% increase in net income after tax reaching $535.3 million as compared to $502.8 million for the same period last year. The Group maintained its strong capital base with a total equity of $12.5 billion. The Group's Assets grew by 9% to reach $75.2 billion, loans of $39.8 billion showed a net growth of 6%, and deposits grew by 9% to reach $55.3 billion. Commenting on the bank's performance, Mr. Sabih Masri, Chairman of the Board of Directors, stated that the strong results achieved in the first half of 2025 are a clear testament to the effectiveness of the bank's strategy and the resilience of its operating model. He noted that despite ongoing economic headwinds and regional geopolitical uncertainties, the bank continued to prudently grow its operations and deliver sustainable growth and healthy returns for shareholders. Looking ahead, Mr. Masri affirmed the bank's commitment to executing its integrated corporate strategy and long-term vision, with a clear focus on meeting the evolving expectations of both shareholders and clients." Mr. Masri emphasized that Arab Bank Switzerland completed the merger of Gonet & Cie SA ('Gonet') and ONE Swiss Bank SA ('ONE') and strengthened its presence in Switzerland and operational entities abroad. Arab Bank Switzerland Group assets under management increased to reach CHF 18 billion. Ms. Randa Sadik, Chief Executive Officer, stated that the underlying performance of the Group continues its growth trajectory with first half results recording a healthy increase of 5% in revenue while maintaining a solid balance sheet growth of 9%. Ms. Sadik emphasized that the bank remains focused on maintaining high liquidity and preserving its high asset quality. The Group's loan-to-deposit ratio stood at 72% and credit provisions held against non-performing loans continue to exceed 100%. Arab Bank Group maintains a strong capital base that is predominantly composed of common equity with a capital adequacy ratio of 17.1%. It is worth mentioning that Arab Bank has recently received the "Best Bank in the Middle East 2025" award from New York-based Global Finance magazine, a testament to its leading position in the regional banking sector. News Source: Memac Ogilvy
Web Release
3 days ago
- Business
- Web Release
Arab Bank Group Profits Grow by 6% to $535 Million for the First Half of 2025
Arab Bank Group Profits Grow by 6% to $535 Million for the First Half of 2025 Arab Bank Group reported solid results for the first half of 2025, with 6% increase in net income after tax reaching $535.3 million as compared to $502.8 million for the same period last year. The Group maintained its strong capital base with a total equity of $12.5 billion. The Group's Assets grew by 9% to reach $75.2 billion, loans of $39.8 billion showed a net growth by 6%, and deposits grew by 9% to reach $55.3 billion. Commenting on the bank's performance, Mr. Sabih Masri, Chairman of the Board of Directors stated that the strong results achieved in the first half of 2025 are a clear testament to the effectiveness of the bank's strategy and the resilience of its operating model. He noted that despite ongoing economic headwinds and regional geopolitical uncertainties, the bank continued to prudently grow its operations and deliver sustainable growth and healthy returns for shareholders. Looking ahead, Mr. Masri affirmed the bank's commitment to executing its integrated corporate strategy and long-term vision, with a clear focus on meeting the evolving expectations of both shareholders and clients.' Mr. Masri emphasized that Arab Bank Switzerland completed the merger of Gonet & Cie SA ('Gonet') and ONE swiss bank SA ('ONE') and strengthen its presence in Switzerland and operational entities abroad. Arab Bank Switzerland Group assets under management increased to reach CHF 18 billion. Ms. Randa Sadik, Chief Executive Officer, stated that the underlying performance of the Group continues its growth trajectory with first half results recording a healthy increase of 5% in revenue while maintaining a solid balance sheet growth of 9%. Ms. Sadik emphasized that the bank remains focused on maintaining high liquidity and preserving its high asset quality. The Group's loan-to-deposit ratio stood at 72% and credit provisions held against non-performing loans continue to exceed 100%. Arab Bank Group maintains a strong capital base that is predominantly composed of common equity with a capital adequacy ratio of 17.1%. It is worth mentioning that Arab Bank has recently received the 'Best Bank in the Middle East 2025' award from New York-based Global Finance magazine, a testament to its leading position in the regional banking sector.
Zawya
3 days ago
- Business
- Zawya
Jordan: Arab Bank Group profits grow by 6% to $535mln in H1 2025
AMMAN — Arab Bank Group reported solid results for the first half of 2025, with 6 per cent increase in net income after tax reaching $535.3 million compared with $502.8 million for the same period last year. The group maintained its 'strong' capital base with a total equity of $12.5 billion, according to an Arab Bank statement. The group's assets grew by 9 per cent to $75.2 billion, loans of $39.8 billion showed a net growth by 6 per cent, and deposits grew by 9 per cent to reach $55.3 billion. Chairman of the Board of Directors Sabih Masri said: "The strong results achieved in the first half of 2025 are a clear testament to the effectiveness of the bank's strategy and the resilience of its operating model." He noted that despite ongoing economic headwinds and regional geopolitical uncertainties, the bank continued to "prudently" grow its operations and deliver sustainable growth and healthy returns for shareholders. Masri stressed the bank's commitment to executing its integrated corporate strategy and long-term vision, with a clear focus on meeting the evolving expectations of both shareholders and clients. He stressed that Arab Bank Switzerland completed the merger of Gonet & Cie SA ('Gonet') and ONE swiss bank SA (ONE) and strengthen its presence in Switzerland and operational entities abroad. Arab Bank Switzerland Group assets under management increased to reach 18 billion Swiss franks, according to the statement. Chief Executive Officer Randa Sadik said that the underlying performance of the group continued its growth "trajectory" with first half results recording a healthy increase of 5 per cent in revenue while maintaining a solid balance sheet growth of 9 per cent. Sadik emphasised that the bank remains focused on maintaining high liquidity and preserving its high asset quality. The group's loan-to-deposit ratio stood at 72 per cent and credit provisions held against non-performing loans continue to exceed 100 per cent. Arab Bank Group maintains a strong capital base that is "predominantly" composed of common equity with a capital adequacy ratio of 17.1 per cent. The Arab Bank has recently received the "Best Bank in the Middle East 2025" award from New York-based Global Finance magazine, a testament to its leading position in the regional banking sector. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Daily Tribune
3 days ago
- Business
- Daily Tribune
Arab Bank Group Profits Grow by 6% to $535 Million for the First Half of 2025
Arab Bank Group reported solid results for the first half of 2025, with 6% increase in net income after tax reaching $535.3 million as compared to $502.8 million for the same period last year. The Group maintained its strong capital base with a total equity of $12.5 billion. The Group's Assets grew by 9% to reach $75.2 billion, loans of $39.8 billion showed a net growth by 6%, and deposits grew by 9% to reach $55.3 billion. Commenting on the bank's performance, Mr. Sabih Masri, Chairman of the Board of Directors stated that the strong results achieved in the first half of 2025 are a clear testament to the effectiveness of the bank's strategy and the resilience of its operating model. He noted that despite ongoing economic headwinds and regional geopolitical uncertainties, the bank continued to prudently grow its operations and deliver sustainable growth and healthy returns for shareholders. Looking ahead, Mr. Masri affirmed the bank's commitment to executing its integrated corporate strategy and long-term vision, with a clear focus on meeting the evolving expectations of both shareholders and clients.' Mr. Masri emphasized that Arab Bank Switzerland completed the merger of Gonet & Cie SA ('Gonet') and ONE swiss bank SA ('ONE') and strengthen its presence in Switzerland and operational entities abroad. Arab Bank Switzerland Group assets under management increased to reach CHF 18 billion. Ms. Randa Sadik, Chief Executive Officer, stated that the underlying performance of the Group continues its growth trajectory with first half results recording a healthy increase of 5% in revenue while maintaining a solid balance sheet growth of 9%. Ms. Sadik emphasized that the bank remains focused on maintaining high liquidity and preserving its high asset quality. The Group's loan-to-deposit ratio stood at 72% and credit provisions held against non-performing loans continue to exceed 100%. Arab Bank Group maintains a strong capital base that is predominantly composed of common equity with a capital adequacy ratio of 17.1%. It is worth mentioning that Arab Bank has recently received the 'Best Bank in the Middle East 2025' award from New York-based Global Finance magazine, a testament to its leading position in the regional banking sector.
Zawya
3 days ago
- Business
- Zawya
Arab Bank Group net income surges 6% to $535mln in H1
Arab Bank Group has reported solid results for the first half of the year, with its net income after tax surging by 6% to hit $535.3 million over last year's figure of 502.8 million. The Group maintained its strong capital base with a total equity of $12.5 billion. Announcing the results for the six-month period ended June 30, 2025, Arab Bank said the Group's assets grew by 9% to hit $75.2 billion, while its loans rose to $39.8 billion, recording a net growth of 6%. The bank's deposits too posted growth surging by 9% to reach $55.3 billion, it stated. On the solid performance, Sabih Masri, the Chairman of the Board of Directors at Arab Bank Group said the strong results achieved in the first half are a clear testament to the effectiveness of the bank's strategy and the resilience of its operating model. He pointed out that despite ongoing economic headwinds and regional geopolitical uncertainties, the bank continued to prudently grow its operations and deliver sustainable growth and healthy returns for shareholders. Looking ahead, Masri affirmed the bank's commitment to executing its integrated corporate strategy and long-term vision, with a clear focus on meeting the evolving expectations of both shareholders and clients. On its achievements during the first six months, the top official said its European unit, Arab Bank Switzerland had successfully completed the merger of Gonet & Cie SA (Gonet) and ONE swiss bank, thus strengthening its presence in Switzerland and operational entities abroad. Arab Bank Switzerland Group assets under management increased to reach CHF 18 billion. CEO Randa Sadik said the underlying performance of the Arab Bank Group continues its growth trajectory with first half results, recording a healthy increase of 5% in revenue while maintaining a solid balance sheet growth of 9%. Sadik pointed out that the Group's loan-to-deposit ratio stood at 72% and credit provisions held against non-performing loans continue to exceed 100%. Arab Bank Group maintains a strong capital base that is predominantly composed of common equity with a capital adequacy ratio of 17.1%, she noted. According to her, the bank remains focused on maintaining high liquidity and preserving its high asset quality. Arab Bank, she stated, had recently received the "Best Bank in the Middle East 2025" award from New York-based Global Finance magazine, a testament to its leading position in the regional banking sector. One of the largest financial institutions in the Middle East, Arab Bank is a Jordanian bank headquartered in capital Amman. Operating as an universal bank, it serves clients in more than 600 branches spanning five continents. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
