Reuters: Financial Services and Real Estate: Arab Bank Group Q1 net profit up 10 pct

Reuters: Financial Services and Real Estate Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Arab Bank Group Q1 net profit up 10 pct May 1st 2012, 07:13 AMMAN | Tue May 1, 2012 3:13am EDT AMMAN May 1 (Reuters) - Jordan-based Arab Bank Group posted a 10 percent rise in quarterly profit on Tuesday to $204.4 million, as the bank's revenue grew despite political upheaval that hit the region. The bank, one of the Middle East's major financial insititutions with a geopraphic spread in 30 countries across five continents, saw assets grow 1.5 percent to $46.3 billion at end of March 2012, according to a bourse statement. (Reporting by Suleiman Al-Khalidi; Editing by Dan Lalor)

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