Arab National Bank (ANB) announced a net profit of USD 384.2 million for the first half of 2009, compared to USD 379.7 million for the same period last year representing an increase of 1.1%.
Total operating income increased by 6.5% in 2009 to reach 631.7 million compared to USD 593.3 million for the same period last year, net special commission income increased by 4.4% to reach USD 481.6 million compared to USD 461.3 million for the same period last year.

Net profit of the second quarter reached USD 198.9 million compared to USD 200.5 million for the same period last year, a decline by 0.8% and compared to previous quarter USD 185.3 million an increase of 7.3%.

The Bank continued to maintain strong ratios; assets increased by 4.3% to reach USD 30.69 billion, the investments grew by 23.7% to USD 7.36 billion. Loan portfolio rose by 1.8% to USD 18.98 billion, customer’s deposits grew by 0.4% to USD 22.72 billion.

Dr. Robert Eid, the Managing Director and CEO of ANB indicated that the half yearly results are a reflection of the Bank’s conservative culture and policy of balanced growth.