Abu Khadra: INVESTBANK maintains strong financial performance in 2024, achieving net profits of JOD 27 million

During its ordinary annual meeting held on April 23, 2025, the General Assembly of INVESTBANK approved the Board of Directors’ recommendation to distribute JOD 12.5 million in cash dividends to shareholders, representing 10% of the Bank’s capital.

The virtual meeting was chaired by Chairman of the Board, Fahmi Abu Khadra, and attended by various board members and shareholders representing approximately 91% of the Bank’s capital, and the General Controller of Companies. The General Assembly also approved the Board of Directors’ report, the financial statements for 2024, and the bank’s strategic plans for 2025.

In his address to the General Assembly, Abu Khadra announced that INVESTBANK continued its strong financial performance in 2024, achieving net profits of JOD 27 million, compared to JOD 25 million in 2023 — an 8% increase. Pre-tax profits rose by 10.8%, reaching JOD 36.7 million compared to JOD 33.2 million the previous year.

Abu Khadra noted that this solid performance was driven by a 19.2% growth in direct credit facilities, reaching JOD 1.3 billion compared to JOD 1.1 billion in 2023, alongside a 16.2% increase in total assets, which stood at JOD 2.11 billion by the end of 2024. Customer deposits also witnessed significant growth, rising by 15.4% to JOD 1.4 billion compared to JOD 1.2 billion in the previous year.

Equity increased by 17.7%, reaching JOD 250 million compared to JOD 212.4 million in 2023, further strengthening the Bank’s capital base and supporting its expansion strategy.

Highlighting the bank’s outlook, Abu Khadra explained that the Board of Directors had approved a 25% capital increase to bolster financing capabilities and support expansion plans, enabling INVESTBANK to pursue promising investment opportunities and solidify its competitive position within the Jordanian banking sector.

Addressing digital transformation efforts, Abu Khadra confirmed that INVESTBANK continued to invest in 2024 to enhance its digital platforms and expand online banking services and smart applications. The bank also reinforced its investments in cybersecurity, ensuring the protection of customer data and maintaining confidentiality in line with the highest international standards, further reinforcing its commitment to delivering secure, innovative banking solutions.

In his concluding remarks, Abu Khadra emphasized that the achievements of INVESTBANK and the broader Jordanian banking sector would not have been possible without the strong regulatory environment fostered by various oversight bodies, particularly the Central Bank of Jordan under the leadership of Governor Dr. Adel Al- Sharkas. He also commended the Jordan Securities Commission and the Amman Stock Exchange for their pivotal roles in strengthening the financial market, enhancing transparency, and building investor confidence to support sustainable growth.

Abu Khadra also extended his deep appreciation to the Board of Directors, the executive management team, and all employees for their dedication, as well as to the Bank’s customers and shareholders for their ongoing trust and support. He reaffirmed that INVESTBANK will continue to operate with an ambitious vision and a strong, forward-looking strategy to drive further success and sustainable growth.