The Arab Bank Group posted $345 million in profits before taxes in 2001, a 7.3 percent climb compared with the previous year of 2000, reported Al-Hayat . The Chairman of the Board of the Arab Bank, Abdul-Rahman Shoman, estimated post-tax profits at $250 million for 2001 compared with $241 million in the previous year. Shoman added that the Arab Bank, which was established in 1930, has managed to lure $15 billion worth of customer deposits. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
