(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.