Amman, April 27 (Petra) Arab Bank Group reported a net profit after tax of $271 million for the first quarter of 2025, up 7% from $252.8 million in the same period last year. The group maintained a strong financial position, with total equity reaching $12.1 billion.

The bank’s assets rose by 6% year-on-year to $72.7 billion. Its loan portfolio grew by 5% to $39.1 billion, compared with $37.1 billion in the first quarter of 2024, while customer deposits increased by 7% to $53.2 billion, up from $49.8 billion.

Arab Bank continued to maintain high liquidity levels, with a loan-to-deposit ratio of 74%. The group also preserved a strong capital adequacy ratio of 17.2%, in line with Basel III standards and above the minimum required by the Central Bank of Jordan.

Chairman of Arab Bank, Sabih Al-Masri, said in a statement on Sunday that the group’s continued solid performance in the first quarter of 2025, despite ongoing global economic and geopolitical developments, reflects the bank’s ability to adapt to changing conditions through a flexible and diversified business model, particularly its presence in key regions such as the Gulf.

Chief Executive Officer Randa Sadik said the group's profits reflected sustained growth in core banking operations and business diversification, enhancing its resilience against global economic challenges. Total income grew by 4%, driven by sustainable business expansion, efficient investments, and diversified banking services.

//Petra// AF

27/04/2025 20:26:54