Best bank: Arab Bank
Arab Bank, under the leadership of chief executive Randa Sadik, had another good year in Jordan despite acute geopolitical risks, surging inflation and unprecedented increases in interest rates.
The bank saw a 41% increase in profit before tax, to $1.2 billion, compared with the previous year’s $851 million. This was driven largely by growth in net interest income, a reflection of the rate environment. Total assets stand at $68 billion.
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