⁍ Jordan’s largest lender, Arab Bank Group, reported a 66% year-on-year drop in first-half net profit to $152.1 million.

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⁍ Its revenues were hit by the impact of the COVID-19 pandemic on the regional and global economies.

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⁍ Loans rose 2% to $26.7 billion as of the end of June, while deposits climbed 5% to $35.9 billion.

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– Jordan’s largest lender, Arab Bank Group, reported a 66% year-on-year drop in first-half net profit to $152.1 million, saying its revenues were hit by the impact of the COVID-19 pandemic on the regional and global economies, reports Reuters. The bank, one of the Middle East’s major financial institutions, also said on Saturday that total loans rose 2% to $26.7 billion as of the end of June, while deposits climbed 5% to $35.9 billion. Group equity stood at $9.2 billion, it said.