Jordan’s Arab Bank group H1 net profits drop 66% amid COVID-19

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AMMAN: Jordan’s largest lender, Arab Bank Group, reported on Saturday (Jul 25) a 66 per cent year-on-year drop in first-half net profit to US$152.1 million as it set aside more money to cope with the economic fallout of the COVID-19 pandemic. Chief Executive Officer Nemeh Sabbagh did not give a …