ANB’s net profit at $761m in 2016

Arab National Bank (ANB) reported a net profit of $761 million for 2016, compared to $791 million in 2015. ANB total operating income reached $1,561 million compared to $1,542 million for the same period last year, an increase of 1.3%. By the end of 2016, assets reached $45,3 billion and investments reached $6,8 billion, while the loans portfolio reached $30,8 billion and customers’ deposits reached $36,2 billion. — SG