Arab Islamic International profits rise 26 percent in 2017

MediaIn / Agencies / Amman January 29, 2018

Arab International Islamic Bank’s pre-tax profit increased by 26 percent to reach KD 43.5 million in 2017 compared

to KD 34.6 million in 2016.

Net profit after tax increased by 25 percent to KD 28.8 million, compared to KD 23 million for the year 2016.

Net operating profit reached KD 75.7 million compared to KD 65 million in 2016. The Bank’s preliminary data, subject to the approval of the Central Bank of Jordan, indicates that total customer deposits grew by 5% to reach JD1.967 million in 2017 compared to JD1.874 million 2016.

The facilities grew by 12 percent to reach JD277 million compared to JD1.139 million for the year 2016.

The bank said the capital adequacy ratio was 16.5 percent.