(MENAFN- Jordan News Agency)
Amman, Feb. 10 (Petra) -- Jordan Ahli Bank posted a net profit (after tax and provisions) of JOD21.3 million in 2018, signaling a major increase of 60 percent compared with JOD13.3 million in 2017.
In a disclosure published on Sunday, the bank said its pre-tax and pre-provision 2018 earnings shot up by 65 percent to a total of JOD33.2 million against JOD20.1 million in 2017. Non-performing loans edged down to 5.88 percent after the bank reduced interest rate on non-performing assets.
The bank's gross assets picked up by 2 percent or JOD55.5 million to a total of JOD2.8 billion. The bank's capital adequacy ratio rose to 14.9 percent at the end of 2018 compared to 14.4 percent at the end of 2017.
AA
10/02/2019 16:56:00
MENAFN1002201901170000ID1098098597
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.