Latest news with #SabihMasri
Hi Dubai
10 hours ago
- Business
- Hi Dubai
Arab Bank Group Reports 6% Rise in H1 2025 Profits, Reaching $535 Million
Arab Bank Group reported solid results for the first half of 2025, with 6% increase in net income after tax reaching $535.3 million as compared to $502.8 million for the same period last year. The Group maintained its strong capital base with a total equity of $12.5 billion. The Group's Assets grew by 9% to reach $75.2 billion, loans of $39.8 billion showed a net growth of 6%, and deposits grew by 9% to reach $55.3 billion. Commenting on the bank's performance, Mr. Sabih Masri, Chairman of the Board of Directors, stated that the strong results achieved in the first half of 2025 are a clear testament to the effectiveness of the bank's strategy and the resilience of its operating model. He noted that despite ongoing economic headwinds and regional geopolitical uncertainties, the bank continued to prudently grow its operations and deliver sustainable growth and healthy returns for shareholders. Looking ahead, Mr. Masri affirmed the bank's commitment to executing its integrated corporate strategy and long-term vision, with a clear focus on meeting the evolving expectations of both shareholders and clients." Mr. Masri emphasized that Arab Bank Switzerland completed the merger of Gonet & Cie SA ('Gonet') and ONE Swiss Bank SA ('ONE') and strengthened its presence in Switzerland and operational entities abroad. Arab Bank Switzerland Group assets under management increased to reach CHF 18 billion. Ms. Randa Sadik, Chief Executive Officer, stated that the underlying performance of the Group continues its growth trajectory with first half results recording a healthy increase of 5% in revenue while maintaining a solid balance sheet growth of 9%. Ms. Sadik emphasized that the bank remains focused on maintaining high liquidity and preserving its high asset quality. The Group's loan-to-deposit ratio stood at 72% and credit provisions held against non-performing loans continue to exceed 100%. Arab Bank Group maintains a strong capital base that is predominantly composed of common equity with a capital adequacy ratio of 17.1%. It is worth mentioning that Arab Bank has recently received the "Best Bank in the Middle East 2025" award from New York-based Global Finance magazine, a testament to its leading position in the regional banking sector. News Source: Memac Ogilvy
Gulf Business
12 hours ago
- Business
- Gulf Business
Arab Bank posts solid H1 2025 results with $535.3m in net income
Arab Bank Headoffice/Image: Supplied Arab Bank Group reported strong financial results for the first half of 2025, recording a 6 per cent increase in net income after tax to $535.3m, up from $502.8m during the same period last year. The bank also maintained a robust capital position, with total equity reaching $12.5bn. The Group's assets expanded by 9 per cent to $75.2bn. Loans rose to $39.8bn, reflecting a 6 per cent increase, while deposits climbed 9 per cent to reach $55.3bn. Commenting on the results, Sabih Masri, chairman of the board of directors, stated that 'the strong results achieved in the first half of 2025 are a clear testament to the effectiveness of the bank's strategy and the resilience of its operating model.' He added that 'despite ongoing economic headwinds and regional geopolitical uncertainties, the bank continued to prudently grow its operations and deliver sustainable growth and healthy returns for shareholders.' Looking ahead, Masri affirmed the bank's long-term direction: 'The bank's commitment to executing its integrated corporate strategy and long-term vision, with a clear focus on meeting the evolving expectations of both shareholders and clients.' Merger Masri also highlighted that Arab Bank Switzerland successfully completed the merger of Gonet & Cie SA ('Gonet') and ONE swiss bank SA ('ONE'), enhancing its presence in Switzerland and other global markets. Following the merger, Arab Bank Switzerland Group's assets under management grew to CHF18bn ($22bn). Randa Sadik, chief executive officer, commented on the bank's performance: 'The underlying performance of the Group continues its growth trajectory with first half results recording a healthy increase of 5 per cent in revenue while maintaining a solid balance sheet growth of 9 per cent.' Read: Sadik further emphasised the bank's prudent approach to liquidity and asset quality: 'The Group's loan-to-deposit ratio stood at 72 per cent and credit provisions held against non-performing loans continue to exceed 100 per cent.' She added that the bank's capital adequacy ratio stood at 17.1 per cent, with a capital base primarily composed of common equity. Arab Bank's ongoing strength and strategic vision have also earned it recognition on the global stage.
Web Release
a day ago
- Business
- Web Release
Arab Bank Group Profits Grow by 6% to $535 Million for the First Half of 2025
Arab Bank Group Profits Grow by 6% to $535 Million for the First Half of 2025 Arab Bank Group reported solid results for the first half of 2025, with 6% increase in net income after tax reaching $535.3 million as compared to $502.8 million for the same period last year. The Group maintained its strong capital base with a total equity of $12.5 billion. The Group's Assets grew by 9% to reach $75.2 billion, loans of $39.8 billion showed a net growth by 6%, and deposits grew by 9% to reach $55.3 billion. Commenting on the bank's performance, Mr. Sabih Masri, Chairman of the Board of Directors stated that the strong results achieved in the first half of 2025 are a clear testament to the effectiveness of the bank's strategy and the resilience of its operating model. He noted that despite ongoing economic headwinds and regional geopolitical uncertainties, the bank continued to prudently grow its operations and deliver sustainable growth and healthy returns for shareholders. Looking ahead, Mr. Masri affirmed the bank's commitment to executing its integrated corporate strategy and long-term vision, with a clear focus on meeting the evolving expectations of both shareholders and clients.' Mr. Masri emphasized that Arab Bank Switzerland completed the merger of Gonet & Cie SA ('Gonet') and ONE swiss bank SA ('ONE') and strengthen its presence in Switzerland and operational entities abroad. Arab Bank Switzerland Group assets under management increased to reach CHF 18 billion. Ms. Randa Sadik, Chief Executive Officer, stated that the underlying performance of the Group continues its growth trajectory with first half results recording a healthy increase of 5% in revenue while maintaining a solid balance sheet growth of 9%. Ms. Sadik emphasized that the bank remains focused on maintaining high liquidity and preserving its high asset quality. The Group's loan-to-deposit ratio stood at 72% and credit provisions held against non-performing loans continue to exceed 100%. Arab Bank Group maintains a strong capital base that is predominantly composed of common equity with a capital adequacy ratio of 17.1%. It is worth mentioning that Arab Bank has recently received the 'Best Bank in the Middle East 2025' award from New York-based Global Finance magazine, a testament to its leading position in the regional banking sector.
Zawya
a day ago
- Business
- Zawya
Jordan: Arab Bank Group profits grow by 6% to $535mln in H1 2025
AMMAN — Arab Bank Group reported solid results for the first half of 2025, with 6 per cent increase in net income after tax reaching $535.3 million compared with $502.8 million for the same period last year. The group maintained its 'strong' capital base with a total equity of $12.5 billion, according to an Arab Bank statement. The group's assets grew by 9 per cent to $75.2 billion, loans of $39.8 billion showed a net growth by 6 per cent, and deposits grew by 9 per cent to reach $55.3 billion. Chairman of the Board of Directors Sabih Masri said: "The strong results achieved in the first half of 2025 are a clear testament to the effectiveness of the bank's strategy and the resilience of its operating model." He noted that despite ongoing economic headwinds and regional geopolitical uncertainties, the bank continued to "prudently" grow its operations and deliver sustainable growth and healthy returns for shareholders. Masri stressed the bank's commitment to executing its integrated corporate strategy and long-term vision, with a clear focus on meeting the evolving expectations of both shareholders and clients. He stressed that Arab Bank Switzerland completed the merger of Gonet & Cie SA ('Gonet') and ONE swiss bank SA (ONE) and strengthen its presence in Switzerland and operational entities abroad. Arab Bank Switzerland Group assets under management increased to reach 18 billion Swiss franks, according to the statement. Chief Executive Officer Randa Sadik said that the underlying performance of the group continued its growth "trajectory" with first half results recording a healthy increase of 5 per cent in revenue while maintaining a solid balance sheet growth of 9 per cent. Sadik emphasised that the bank remains focused on maintaining high liquidity and preserving its high asset quality. The group's loan-to-deposit ratio stood at 72 per cent and credit provisions held against non-performing loans continue to exceed 100 per cent. Arab Bank Group maintains a strong capital base that is "predominantly" composed of common equity with a capital adequacy ratio of 17.1 per cent. The Arab Bank has recently received the "Best Bank in the Middle East 2025" award from New York-based Global Finance magazine, a testament to its leading position in the regional banking sector. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Daily Tribune
a day ago
- Business
- Daily Tribune
Arab Bank Group Profits Grow by 6% to $535 Million for the First Half of 2025
Arab Bank Group reported solid results for the first half of 2025, with 6% increase in net income after tax reaching $535.3 million as compared to $502.8 million for the same period last year. The Group maintained its strong capital base with a total equity of $12.5 billion. The Group's Assets grew by 9% to reach $75.2 billion, loans of $39.8 billion showed a net growth by 6%, and deposits grew by 9% to reach $55.3 billion. Commenting on the bank's performance, Mr. Sabih Masri, Chairman of the Board of Directors stated that the strong results achieved in the first half of 2025 are a clear testament to the effectiveness of the bank's strategy and the resilience of its operating model. He noted that despite ongoing economic headwinds and regional geopolitical uncertainties, the bank continued to prudently grow its operations and deliver sustainable growth and healthy returns for shareholders. Looking ahead, Mr. Masri affirmed the bank's commitment to executing its integrated corporate strategy and long-term vision, with a clear focus on meeting the evolving expectations of both shareholders and clients.' Mr. Masri emphasized that Arab Bank Switzerland completed the merger of Gonet & Cie SA ('Gonet') and ONE swiss bank SA ('ONE') and strengthen its presence in Switzerland and operational entities abroad. Arab Bank Switzerland Group assets under management increased to reach CHF 18 billion. Ms. Randa Sadik, Chief Executive Officer, stated that the underlying performance of the Group continues its growth trajectory with first half results recording a healthy increase of 5% in revenue while maintaining a solid balance sheet growth of 9%. Ms. Sadik emphasized that the bank remains focused on maintaining high liquidity and preserving its high asset quality. The Group's loan-to-deposit ratio stood at 72% and credit provisions held against non-performing loans continue to exceed 100%. Arab Bank Group maintains a strong capital base that is predominantly composed of common equity with a capital adequacy ratio of 17.1%. It is worth mentioning that Arab Bank has recently received the 'Best Bank in the Middle East 2025' award from New York-based Global Finance magazine, a testament to its leading position in the regional banking sector.
