The top 100 Arab banks saw net profit fall by 2% in 2001 following a 15% increase in 2000 on an aggregated basis. In turn, the overall return on equity fell to 12.84% from 13.94% in 2000, and the return on assets to 1.2% in 2001 from 1.3% the previous year.
There were variations among country performances. with banks in Saudi Arabia and Kuwait performing well whilst many Bahrain-based banks recorded poorer results, as did Egyptian and Lebanese banks.
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