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INVESTBANK Announces JD11.4 Million Net Profit for First Nine Months of 2019

Monday, October 28, 2019

INVESTBANK has announced its financial results for the nine months ended 30 September 2019. The Bank has achieved a net profit of JD11.4 million, compared to JD10.9 million for the same period in 2018. According to the financial statements issued by INVESTBANK, the profit before tax increased to JD16.4 million in the first nine months of 2019, compared to JD16 million for the same period last year.

The net direct credit facilities reached approximately JD678 million at the end of September, while the Bank’s total assets amounted to JD1.1 billion. The total customer deposits reached JD751 million, as of 30 September 2019.

Commenting on these results, Chairman of INVESTBANK Bisher Jardaneh said: “We are proud of the Bank’s positive performance and results achieved during the first nine months of 2019, as we continue to focus on achieving sustainable growth using a disciplined approach to risk management despite the many internal and external challenges the national economy still faces.”

Jardaneh underlined INVESTBANK’s financial strength and the soundness of its credit portfolio, saying that the board of directors and executive management continue to reinforce the Bank’s leading position in the Jordanian banking sector, as well as support the Bank’s activities through its various subsidiaries.

Jardaneh stressed INVESTBANK’s commitment to comply with the regulations and corporate governance guidelines set by the Central Bank of Jordan.