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Investbank’s Semi-Annual Operating Profit Records Strong Growth

Date: 
Sun, 06/20/2010

Investbank CEO and General Manager announced that the Bank has achieved a net profit for the first half of 2010 amounted to JD6.053 million compared with JD1.311 million during the same period in 2009 with a growth rate of 361%, while the total income of the Bank at the end of June 2010 was JD18.097 million, compared with JD8.53 million during the same period of the year 2009, with a growth rate of 111.7%. This has coincided with an increase in the net credit facilities by JD337.9 million in the first half of this year compared with JD299.5 million at the end of the year 2009 and with a growth rate of 12.8%. The Bank´s assets totaled JD663.252 million at the end of June 2010, while the deposits of the clients totaled JD462 million during the same period, which reflects the stability of the Bank and the soundness of its financial sources. The Bank increased its capital by 10.71% to reach JD77.5 million by the end of June 2010 compared with JD70 million at the end of 2009, which led to increase the property of investors to reach JD100.134 million in 2010 compared with JD93.249 million in 2009, which contributes to strengthening the Bank’s capital base. These results support the ongoing bottom-up approach in the Bank’s progression and achievements, which have reflected the Bank´s strong foundation upon which it depends in realizing its mission that have grown thanks to its strategies based on risk management and services improvement, as well as individual and companies’ products development. The Bank, investors and employees strive to maintain its solid performance and achievements that meet the clients’ expectations and beyond.