INVESTBANK Pre-Tax Profits Reach JD15.2 Million in First Half of 2022

Thursday, July 28, 2022

INVESTBANK, the leading bank in providing innovative financial solutions, achieved solid financial results for the first six months of the year, with net profits increasing by 13% to reach JD10 million, compared to JD8.8 million in the same period of 2021.

According to the financial statements issued by the bank, total profits before tax increased by 12%, registering JD15.2 million in the first half of this year, compared to JD13.6 million in the same period of last year.

The statements showed that net credit facilities provided by INVESTBANK to its individual and corporate clients increased in the first six months, registering JD806 million. The bank’s total assets by the end of June reached JD1.4 billion, an increase of 7.4%, while return on assets came in at 1.5%.

In addition, total client deposits increased by the end of the six-month period, registering JD838 million, while shareholder equity rose to approximately JD183 million by the end of June and return on equity reached 10.6%.

Commenting on the bank’s performance, INVESTBANK Chairman Fahmi Abu Khadra said that the bank achieved strong financial results in the first six months of this year despite the pressure caused by the difficult economic conditions both in Jordan and globally. He went on to thank the bank’s entire team for their exceptional efforts at carrying out the directives of the Board of Directors.

Abu Khadra went on to add that the bank’s financial results reflect its ability to diversify its work methods and to adopt an ambitious and flexible strategy that reacts to changes and risks through expertise and wisdom.

According to Abu Khadra, INVESTBANK will continue to blaze a trail in the sector, offering both traditional and innovative digital banking services and solutions that are in line with unique needs of its clients.