Amman, August 1 (Petra) – Arab Bank Group reported net profit after
tax of $570.9 million for the first half of 2026, up 7 per cent from
$535.3 million in the corresponding period last year, while
maintaining a strong financial position with shareholders’ equity of
$13.5 billion.

According to a statement issued by the bank on Saturday, total assets
rose 7 per cent year-on-year to $80.3 billion. The loan portfolio
increased 6 per cent to $42.1 billion from $39.8 billion, while
customer deposits grew 6 per cent to $58.8 billion from $55.3
billion.

Arab Bank Chair Sabih Masri said the results reflect the strength of
the Group’s strategic approach and its ability to adapt to evolving
regional conditions.

He added that the bank remains focused on closely monitoring
developments, ensuring uninterrupted services, maintaining a strong
balance sheet and delivering sustainable returns to shareholders.

Masri said the Group continues to strengthen its presence across its
markets, particularly in countries offering promising investment
opportunities.

He highlighted the reactivation of the bank’s operations in Syria,
the launch of an Islamic banking window in Algeria, the continued
strong performance of its operations in Iraq and the expansion of
wealth management and private banking services through Arab Bank
Switzerland.

Chief Executive Officer Randa Sadiq said the Group continued to
deliver growth in its core banking business during the first half of
the year, with total income increasing 3 per cent, driven by strong
growth in commission income despite regional and global economic
challenges.

She said the Group maintained healthy balance sheet growth of 7 per
cent, reflecting its continued focus on strengthening its financial
position and achieving sustainable growth.

Sadiq added that Arab Bank continued to maintain a high-quality loan
portfolio and stable non-performing loan ratios. The provision
coverage ratio for non-performing loans exceeded 100 per cent,
excluding collateral, while the loan-to-deposit ratio stood at 72 per
cent.

The Group maintained a Basel III capital adequacy ratio of 17.3 per
cent, well above the minimum regulatory requirement set by the
Central Bank of Jordan.

She added that the bank continues to adopt international best
practices in digital transformation by introducing innovative digital
products and services that meet customers’ evolving needs and enhance
banking services across its markets.

The bank noted that New York-based Global Finance magazine recently
named Arab Bank the Best Bank in the Middle East for 2026,
recognising its leadership in the region’s banking sector.

//Petra// AK