The annual General Assembly meeting of INVESTBANK’s shareholders lead by Chairman, Mr. Fahmi AbuKhadra and attended by several Board of Director members along with the bank’s CEO, Muntaser Dawwas, approved the recommendation of the Board of Directors decision to distribute cash dividends to shareholders at a rate of (10%) of the bank’s capital totaling to JOD 10 million.

The meeting was held virtually, in which it was attended by shareholders who make up 89% of capital and the company’s general controller Dr. Wael Armouti to approve the financial statements for the year of 2022 and discuss future plans.

In his speech to the General Assembly, Abu Khadra stated that despite the challenging circumstances that the financial sector faced in the year of 2022, INVESTBANK was able to maintain continuous growth that led to leaving a positive impact on its overall performance. The bank's net profits after tax in 2022, amounted to JOD 20.3 million, in comparison to the year of 2021 that came to a total of JOD 18 million, with a growth rate of 12.5%. Abu Khadra also mentioned that the bank's pre-tax profits reached JOD 30 million in the previous year, compared to JOD 27.4 million in the year 2021.

Abu Khadra pointed out that INVESTBANK’s net credit facilities for both its individual and corporate clients increased by 7.7% by the end of 2022, reaching a total of JOD 850 million. Resulting in the increase of bank assets reaching JOD 1.4 million, with a noticeable growth rate of 11.5% in comparison to the year 2021.

Abu Khadra also indicated that INVESTBANK’s administration continued to achieve its strategic goals in meeting the needs of its high-income clients and small to medium sized companies whether it is through the bank or the bank’s numerous subsidiaries, that also provide various products and services in Islamic banking.

Abu Khadra clarified that the bank and its subsidiaries are constantly working towards achieving sustainable investment returns through optimal use of financial resources and capital, efficient management, and developing risk management processes in all operations.

Abu Khadra confirmed that INVESTBANK will continue to develop its electronic banking services, by automating and updating its systems and banking processes, which will provide customers with secure levels of electronic transactions, increase operational efficiency, and reduce associated risks. All these plans have contributed to making INVESTBANK the first bank in the Kingdom to use credit cards and to be highly appreciated by high-income customers for its level of service.