ANB announced a net profit of USD 479,6 million in the first nine months of 2020
Arab National Bank (ANB) reported a net profit of USD 479,6 million for the first nine months of 2020, compared to USD 668,8 million for the same period last year, a decrease of 28.3%.
Profits of the third quarter of 2020 reached USD 178,3 million compared to USD 222,6 million for the same period last year, representing decrease of 19.9%.
ANB total operating income for the first nine months of 2020 reached USD 1,180 million compared to USD 1,361 million for the same period last year, a decrease of 13.3%. Assets as of September 30, 2020 reached USD 50,3 billion, and investments reached USD 11,6 billion, while the loans portfolio reached USD 31,5 billion and customers’ deposits reached USD 36,5 billion.