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The Amman-based Arab Bank, one of the leading lenders in the Middle East, said Monday that its net profits in the first quarter of 2018 rose to $220.3 million compared to $218.2 million in the same period of 2017 ."The performance of Arab Bank confirms the success of the group in generating strong results despite the backdrop of a challenging operating environment," said Sabih Masri, chairman of the board of directors for the bank.For his part, Chief Executive Officer Nemeh Sabbagh said the net operating income of the Arab Bank in the first quarter of this year jumped by 15 percent.
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