INVESTBANK Group Strengthens its Financial Metrics in 2022

Sunday, February 12, 2023

INVESTBANK Group, the leading bank in providing innovative solutions, concluded 2022 with positive financial results across all its operational segments.

The financial statements showed an increase in the net credit facilities provided by INVESTBANK to individuals and corporates, reaching JOD 850 million by the end of 2022 with a growth rate of 7.7%, while the total customer deposits at the end of the year rose to JOD 882 million, representing an increase of 11.3% compared to 2021.

In the same context, the total assets of the bank reached JOD 1.4 billion, while the return on assets (ROA) was 1.5% and the total equity was JOD 196 million. The return on equity (ROE) for the end of the year was 10.6%.

Therefore, the preliminary results of INVESTBANK Group showed a net profit after taxes of JOD 20.3 million, while the income tax was JOD 10 million for the year 2022.

In light of these results, the board of directors, during its meeting, recommended distributing cash profits to shareholders for the year 2022, equivalent to 10% of the nominal value of the shares, after obtaining approval from the Central Bank of Jordan.

In his comment on these results, the Chairman of INVESTBANK, Fahmi Abu Khadra, stated that they were pleased to continue achieving strong financial results that have demonstrated the strength and stability of their strategic plans, and their ability to deal with economic challenges in Jordan with flexibility. He emphasized that the bank will continue to distinguish and lead in the Jordanian banking market by offering traditional and innovative digital banking services that meet the expectations and needs of its customers.

Abu Khadra expressed his gratitude and appreciation to the bank's customers for their trust and loyalty, and thanked the bank's employees at all administrative and professional levels for their efforts in achieving these good results.