Bank ABC Group (Arab Banking Corporation) has made a resilient start to the year, against a backdrop of challenging economic conditions, reporting a net profit attributable to the shareholders of the parent of $76 million, representing a 1 per cent headline increase over the corresponding period last year.
Adjusted for foreign exchange translation differences, underlying net profit rose by a robust 11pc year-on-year (YoY), reflecting strong growth in the group’s core businesses .
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