Arab National Bank (ANB) reported net profit of $185.3 million for the first quarter of 2009 compared to $179.2 million for the same period last year, representing an increase of 3.4 percent, and compared to $115.7 million for Q4, 2008 up by 60.1 percent. Total operating income for the first quarter of 2009 reached $309 million compared to $279 million for the same period last year, an increase of 10.7 percent. Special commissions profit reached $243 million for the first quarter compared to $233 million for the same quarter last year, representing an increase of 4.2 percent, while Q1, 2009 earnings per share reached $0.29 compared to $0.27 for the same period last year. Assets as of March 31, 2009 reached $30 billion against $27.7 billion for the same period last year representing an increase of 8 percent. Investments reached $7.04 billion compared to $5.9 billion for the same period last year representing an increase of 19 percent, while the loans portfolio reached $19.4 billion against $17.4 billion for the same period last year representing an increase of 11 percent. Customer deposits reached $22.5 billion against $21 billion for the same period last year representing an increase of 7 percent, according to a press statement published today.
