Amman: Arab Bank Group reported a net profit after tax of $271 million for the first quarter of 2025, reflecting a 7% increase compared to $252.8 million in the same period last year. The group’s strong financial position was underscored by total equity reaching $12.1 billion.
According to Jordan News Agency, the bank’s assets rose by 6% year-on-year to $72.7 billion. The loan portfolio experienced growth, increasing by 5% to reach $39.1 billion, compared to $37.1 billion in the first quarter of 2024. Additionally, customer deposits saw an increase of 7%, amounting to $53.2 billion, up from $49.8 billion.
The Arab Bank maintained high liquidity levels, with a loan-to-deposit ratio of 74%. The group also reported a strong capital adequacy ratio of 17.2%, adhering to Basel III standards and exceeding the minimum requirement set by the Central Bank of Jordan.
Sabih Al-Masri, Chairman of Arab Bank, stated that the group’s robust performance in the first quarter of 2025, despite ongoing global economic and geopolitical developments, highlights the bank’s adaptability to changing conditions. This adaptability is attributed to a flexible and diversified business model, particularly its presence in strategic regions such as the Gulf.
Chief Executive Officer Randa Sadik noted that the group’s profits are indicative of sustained growth in core banking operations and business diversification, which bolster its resilience against global economic challenges. Total income increased by 4%, driven by sustainable business expansion, efficient investments, and diversified banking services.