Arab National Bank posts profits fall
)According to Al-Sharq Al-Awsat newspaper, an official report issued by the Saudi Arabian Monetary Authority shows that the Arab National Bank had posted a 12.5% net profits fall in the first half of 2010 compared with the same period last year.
The aggregate profit of domestic commercial banks dropped by 11.9% y/y to HRK 387.3mn in January, the preliminary data released by the central bank showed.