JIB declares the results for the third quarter of the current year recording a net profit before tax about JD 26.6 million compared to JD 19.7 million for the same period of the last year (a growth of 34.9%). Whereas the net profit after tax reached JD 17.6 million compared to JD 14.2 million for the same period of 2006 recording a growth of 24.1%.
The figures of the balance sheet of JIB as of 30 Sept., 2007 showed the Bank’s continual progress and growth enhancing its position in the Jordanian banking sector through the growth of its profits, assets, deposits and investments. The total assets reached about JD 1.7 billion recording a growth of 18.5%.
The aggregate total of the balance sheet of the Bank including the specified investment accounts, portfolio investment accounts and investment by proxy accounts has become about JD (2.1) billion, compared to JD 1.7 billion as of the year ended 2006 recording a growth of 19.9% reflecting the comprehensive growth of the bank's activities.
The shareholders' equities increased by JD 12.9 million to reach JD 128.2 million recording a growth of 11.2%.
Mr. Musa Shihadeh, Vice-Chairman and General Manager, said that the financial results of the Bank indicate a more prosperous future, and assures the Bank’s main role in the banking market, supporting the national economy, and serving the local community through its wide network that consists of 56 branches and 9 cash offices. He added that the achievements of the Bank have enhanced the experience of Islamic banks and the continual tendency to keep pace with modern technologies to develop the financial services which the Bank offers to its clients in accordance with Islamic Sharia, to maintain the Bank’s financial position and to increase its market share in the banking sector.
