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INVESTBANK’s Profits before Taxes See an 8.1% Increase, Reaching JD22.9 Million in 2019

Thursday, May 7, 2020

INVESTBANK, the leader in providing innovative banking solutions, announced that its profits before taxes rose to JD22.9 million in 2019, compared to JD21.2 million in 2018, an increase of 8.1%. According to its financial statements, INVESTBANK’s net profits also increased, reaching JD16.1 million in 2019.

The bank also witnessed an increase in its assets of 2.3% to reach JD1.179 billion by the end of 2019, according to its financial statements. Customer deposits rose to JD765 million, while capital sufficiency reached 17.1% and shareholder equity rose to a total of JD182 by the end of 2019.

Commenting on the results, INVESTBANK Chairman Bisher Jardaneh said, “Despite the difficult political conditions the region is witnessing, as well as their negative repercussions on the Jordanian economy in recent years, INVESTBANK has once again achieved satisfactory financial results. This outcome will reinforce the bank’s strategy going forward, allowing it to continue positively contributing to the national economy.”

Jardaneh went on to say that INVESTBANK’s financial results firmly cement its position in the Jordanian banking market through its stable performance as well as its ability to maintain a strong and solid financial position.

Jardaneh stressed the fact that the bank’s board of directors as well as its executive management team are determined to maintain INVESTBANK’s good financial results looking forward, continuously developing its innovative banking products and offerings in order to best serve both its clients and shareholders.

Jardaneh also spoke of the incredible efforts of all the bank’s team members, including its executive management, offering them his appreciation. He went on to thank INVESTBANK’s customers and shareholders for their continued confidence, loyalty, and support.

Throughout 2019, INVESTBANK was recognized with seven international awards, including the Most Creative Digital Bank award and the Best Website in Jordan 2019 award by Global Finance.