AMMAN: According to the general manager of Jordan’s Islamic Bank, the Bank generated JD45.1 million net profits after tax in 2014, compared with JD64 million pre-tax profits in 2013.
He further added that the bank’s assets totaled JD3.86 billion at the end of 2014, 9.4% higher than the JD3.5 billion recorded in 2013.
According to the bank’s general manager, the assets constituted around 8.6 per cent of the total assets of banks operating in Jordan last year. He indicated that deposit under several categories reached JD3.47 billion, compared with JD3.19 billion. The board of directors is recommending the distribution of cash dividends to shareholders at a rate of 13 per cent.
