Arab National Bank reported a net profit of USD 337 million for the first six months of 2010 compared to USD 384 million for the same period last year, a decrease of 12.3%.

ANB total operating income for the first six months of 2010 reached USD 597 million compared to USD 632 million for the same period last year, a decrease of 5.4%. Assets as of June 30, 2010 reached USD 28.3 billion, and investments reached USD 6.1 billion, while the loans portfolio reached USD 17.3 billion and Customer deposits reached USD 20.9 billion.

The decrease in profits of the first half of 2010 compared to the same period of 2009 came due to the decrease in net special commissions and creation of some provisions in support of its loans portfolio.