Arab Bank Group reports Q1 net profit of $128.3m
- Date: 03-May-2021
- Source: Jordan Times
- Sector:Financial Services
- Country:Middle East
Arab Bank Group reports Q1 net profit of $128.3m
AMMAN — Arab Bank Group has consolidated the financial statements of Oman Arab Bank under Group accounts in the first quarter of 2021, according to a bank statement.
Oman Arab Bank has recently finalised the acquisition of Al Izz Islamic Bank, a full-fledged Islamic bank.
The step strengthens the bank’s presence in the Sultanate of Oman and it is in line with Arab Bank’s strategy to reinforce its business in the Gulf region, according to the statement.
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