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INVESTBANK’s Pre-Tax Profits Reach JD13.8 million at the End of Q2 2021

Sunday, August 1, 2021

INVESTBANK, the leading bank in providing innovative financial solutions, achieved solid financial results during the first half of 2021, with an increase in its net profits, which reached JD8.8 million, compared to JD5.6 million during the same period last year.

According to the financial statements issued by the bank, pre-tax net profits increased from JD8.5 million during the first half of 2020 to JD13.8 million by the end of the first half of the current year.

The financial data also showed an increase in direct credit facilities during the first half of 2021, rising by 1.2% to reach JD740 million, compared to JD732 million at the end of 2020. The bank’s assets remained steady at JD1.2 billion, while deposits reached JD765 million, and total equity amounted to JD178 million by June 30, 2021.

Commenting on the bank’s performance, INVESTBANK Chairman Bisher Jardaneh said the outstanding financial results reflect the soundness of the bank’s strategy for the first six months of the year in terms of cost-control measures, calculated risks, as well as financial flexibility and a diverse business approach.

Jardaneh went on to add that, during the first six months of 2021, INVESTBANK continued to implement the strategic plan to focus on medium and small companies that had previously been approved by its board of directors. According to Jardaneh, the bank will continue to work on further developing its products and services, while simultaneously increasing its revenues, in line with the unique needs of both its corporate and individual clients.

Jardaneh also spoke of the international recognition of INVESTBANK’s achievements, having been presented with the Best Digital Banking Services Award for 2021 by Global Banking and Finance magazine in June.