CALCULATOR

TD Rates

FIND US

HELP VIDEO

VISA OFFER

INVESTBANK ends 2024 with strong financial performance, net profits exceeding JOD 27 million

Thursday, January 30, 2025

INVESTBANK, the leading provider of innovative banking solutions, concluded the year 2024 with robust financial results, demonstrating solid growth across key financial indicators despite prevailing global economic and geopolitical challenges impacting the Kingdom and the region.

According to its financial statements, INVESTBANK achieved net profits of JOD 27 million in 2024, reflecting an 8% increase from JOD 25 million in 2023. Total profits before tax also rose by 10.8%, reaching JOD 36.7 million compared to JOD 33.2 million the previous year.

The bank's direct credit facilities also grew by 19.2% to JOD 1.3 billion, up from JOD 1.1 billion in 2023, while total assets grew by 16.2% to JOD 2.11 billion at the end of 2024, compared to JOD 1.8 billion in the previous year. In parallel, customer deposits increased by 15.4% to approximately JOD 1.4 billion, compared to JOD 1.2 billion in 2023. Additionally, total equity recorded a growth of 17.7%, reaching JOD 250 million from JOD 212.4 million in the previous year. The return on weighted average shareholders’ equity stood at 12.3% at the end of 2024, up from 12.2% in 2023, while the return on assets (ROA) reached 1.4%.

The bank maintained Capital Adequacy Ratio at 16.08% as of 31 December 2024.

In light of these strong financial results, The Board of Directors decided to recommend to the Shareholders’ General Assembly to distribute JD 12.5 million of retained earnings during the year 2025 for the year 2024, equivalent to 10% of the Bank’s capital, which is subject to the approval of Central Bank of Jordan and the Shareholders’ General Assembly.

Commenting on the bank’s performance, Chairman of INVESTBANK, Fahmi Abu Khadra, stated: “The remarkable financial results achieved by INVESTBANK in 2024 reflect the strength of our business model and our ability to navigate global economic and geopolitical challenges. Our bank has reinforced its position as a leader in the Jordanian banking sector by offering innovative financial solutions tailored to the diverse needs of our customers. We take great pride in our contribution to the national economy and remain committed to pursuing sustainable growth and excellence in the years ahead.”

Abu Khadra extended his gratitude to the Board of Directors, the Executive Management, and all INVESTBANK employees for their dedication and commitment, which played a crucial role in achieving these outstanding results. He also expressed appreciation for the trust and support of the bank’s shareholders, emphasizing that their confidence has been instrumental in INVESTBANK’s success. He reaffirmed the bank’s commitment to delivering cutting-edge services and products that cater to customer needs while contributing to the Kingdom’s economic development, solidifying its standing as one of Jordan’s leading banks.