INVESTBANK to distribute 11% cash dividends to shareholders

Tuesday, February 12, 2019

INVESTBANK’s Board of Directors has recommended the distribution of 11% cash dividends to its shareholders of the Bank's JOD 100 million capital.

The decision was made in light of INVESTBANK’s net profit, after tax deductions, of JOD 16 million in 2018. Whereas the Bank's income increased by 7.4% from JOD 19.7 million in 2017 to JOD 21.2 million last yearprior to income tax deductions.

Furthermore, the total assets of the Bank increased by 7.4% during 2018 to reach JOD 1.2 billion compared to JOD 1.1 billion in 2017, with total income in 2018 amounting to JOD 50.1 million.

INVESTBANK’s preliminary financial statements have shown an increase in the volume of direct credit facilities in 2018 by 6.8%, from JOD 645 million in 2017 to JOD 689 million last year. Customer deposits have also increased in 2018,reaching JOD 748 million compared to 676 million JOD in 2017, and with a rise of 11%.