AMMAN — Combined profits of 15 banks
operating in the local market, whose shares are listed on the
Amman Stock Exchange, rose by 29.2 percent in the first quarter of this year compared with
the same period last year, according to a study by Sanabel Al-Khair for
Financial Investment Co., Al-Ghad News reported.
اضافة اعلان
The combined profits of the banks after tax were
about JD266 million, compared with JD205.8 million in the first quarter of
2021.
The
Arab Bank,
Amman branch, accounted for the highest profit in the first quarter, a 98
percent rise to JD142.7 million compared with JD72.1 million for the same
period last year.
On the other hand, Capital Bank with a first quarter
profit of JD38.6 million, compared with JD56.7 million in the same period last
year, showed a 32 percent decline.
The Housing
Bank’s profits rose by JD29.3 million, compared with JD24.2 million in the
first quarter of last year, an increase of 20.8 percent.
Ranked fourth in terms of profit value, is the
Jordan Islamic Bank with a profit of JD15.1 million in the first quarter
compared with JD13.9 million in the same period of 2021, an increase of 8.6
percent.
Bank of Jordan ranked fifth with a profit of JD9.9
million compared with JD6.9 million in the same period last year, a rise of
42.2 percent.
In sixth place in terms of the value of profits,
came
Bank Al-Etihad with a profit of JD8.2 million in the first quarter of this
year compared with JD7.7 million for the same period last year, a rise of 7.2
percent.
Cairo Amman Bank ranked seventh with a profit of
JD7.69 million compared with JD7.4 million in the first quarter of this year,
up by 2.6 percent.
Ranked eighth was Istithmari Bank with JD7.17 million,
an increase of 110 percent compared with the same period of time last year.
Jordan Ahli Bank ranked ninth in terms of profit
value with a profit of JD3.83 million compared with JD1.6 million, a rise of
133 percent.
Arab Jordan Investment Bank followed with a profit
of JD3.8 million, compared with JD3.9 million last year, a decrease of 3
percent.
It was followed by Safwa Islamic Bank with a profit
of JD3.55 million in the first quarter compared with JD3.1 million for the same
period last year, an increase of 14.6 percent.
The Jordanian Commercial Bank followed with a profit
of JD1.75 million compared with JD1.6 million.
ABC Bank followed with a profit of JD1.55 million, a
decline of 44 percent compared to the same period in 2021, which was 2.7 million.
The
Jordan Kuwait Bank made a profit in the first quarter of this year of JD1.37 million compared
to a loss of JD1.1 million in the same period in 2021.
The only bank with losses in the first quarter of
this year was Societe General de Banque Jordan by JD8.7 million, compared with
a profit for the same period of 2021 of JD1.27 million.
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