Jordan’s Housing Bank H1 net profit almost flat at $86.9 mln

The bank said assets stood at $11 billion at end of June, up 3.3 percent from the end of 2014. (File photo: Reuters)

Jordan's Housing Bank for Trade and Finance, the country's second largest lender, said on Sunday it's first-half net profit was $86.9 million, hardly changed from $86.2 million a year earlier.

The bank said assets stood at $11 billion at end of June, up 3.3 percent from the end of 2014. The bank's main shareholder is Qatar National Bank, with a stake of over 35 percent.

"The results reflect the bank's prudent policies," said Chairman Michel Marto without elaborating. He said customer deposits rose 6.7 percent to $8.2 billion compared to the end of last year.

The bank's total capital adequacy ratio reached 17.8 percent at the end of June, well above the regulatory standard of 12 percent, the bank said.

The bank, which is one of the largest foreign banks operating in Syria, said its operations there were performing well despite the unrest. It gave no further details. Jordan's Housing Bank for Trade and Finance, the country's second largest lender, said on Sunday it's first-half net profit was $86.9 million, hardly changed from $86.2 million a year earlier.

The bank said assets stood at $11 billion at end of June, up 3.3 percent from the end of 2014. The bank's main shareholder is Qatar National Bank, with a stake of over 35 percent.

"The results reflect the bank's prudent policies," said Chairman Michel Marto without elaborating. He said customer deposits rose 6.7 percent to $8.2 billion compared to the end oflast year.

The bank's total capital adequacy ratio reached 17.8 percent at the end of June, well above the regulatory standard of 12 percent, the bank said.

The bank, which is one of the largest foreign banks operating in Syria, said its operations there were performing well despite the unrest. It gave no further details.

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Last Update: Wednesday, 20 May 2020 KSA 14:12 - GMT 11:12
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