arab National Bank (anb) reported a net profit of USD 284.7 million for the first quarter of 2023, compared to USD 173.5 million for the same period last year, an increase of 64.1%.
Total operating income for the first quarter of 2023 reached USD 581.5 million compared to USD 387.9 million for the same period last year, an increase of 49.9%. Assets as of March 31, 2023, reached USD 57.1 billion, investments reached USD 11.1 billion, the loan portfolio reached USD 38.6 billion, and customers’ deposits reached USD 41.4 billion.
Engineer Salah R. Al-Rashed, Chairman of the Board, stated: "The bank sustained its strong financial performance during the first quarter of this year, as a result of its strategic approach in continuing to enrich the customer experience, enhancing the effectiveness of its operations, accelerating momentum in digital transformation, and investing in human resources."