jordan pulse -
The consolidated interim financial statements announced by the Jordan Kuwait Bank at the end of the third quarter of this year indicate that the bank has achieved clear leaps in all items of the financial position statement and the income statement, and in the size of its net profits, which amounted to 72.1 million dinars, an increase over the profits achieved during The same period of the previous year.
The bank's net assets also grew to reach 5,072 billion dinars, an increase of 43% over last year. The value of ownership rights last year amounted to 477.6 million dinars and became 702.8 million dinars at the end of the third quarter of this year, i.e. a growth of 47.2%. It also grew. Cash deposits and insurance increased by 40.9%, reaching 3,574 billion dinars, while facilities grew by 5.6%, reaching 2,030 billion dinars.
Eng. Nasser Al-Lawzi, Chairman of the Bank’s Board of Directors, stressed that he is proud of these results, which express exceptional growth in all the bank’s data and herald more. He stressed that the documented and approved strategy adopted by the bank, which includes all levels of banking, investment, technological and administrative work, has contributed to achieving this success. .
In turn, the CEO of the bank, Mr. Haitham Al-Batikhi, stressed that the numbers achieved and the high growth rate were all accompanied by maintaining the strength of the bank’s financial position, as the Jordanian Kuwait Bank maintained the same good level of regulatory capital adequacy, where the ratio reached 17.56%, and also raised all allocation ratios. Corresponding to credit exposures to be reassuring and sufficient to confront any risks.
Al-Batekhi concluded by thanking the bank’s customers and shareholders for their trust. He also thanked the bank’s administrators and employees for their efforts and dedication to serving their institution. He also extended special thanks to the Central Bank of Jordan and stressed its keenness to comply with all its instructions that aim to protect customer deposits and support the national economy. He also expressed his gratitude to the Securities Commission and the Jordanian market. Amman Financial Center and all regulatory authorities in Jordan and Iraq.