Arab National Bank published interim results for the second quarter of 2019 – net profit jumped 19.6% to 894,2 million riyals compared to 747,2 million riyals for the same period of 2018.
The increase in net income was driven by a 5.3% increase in total operating income, net income from special commissions and the share of profits from associates.
It is not surprising that the London magazine World Finance again named Arab National Bank “The Best Retail Bank in Saudi Arabia” in 2019. World Finance awards based on the opinion of the panel of judges, which consists of an elite group of experts in this field.
The determination of the winner is based on a set of basic standards, including the bank’s ability to return steady, stable growth rates, plan effectively, introduce new services, and improve relations with customers.
Given the history, status, and success of the Arab National Bank in the region and abroad, it has excellent opportunities to meet the long-term financial goals of even novice traders.
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