The Housing Bank for Trade and Finance – Jordan announced its financial statements to the Amman Stock Exchange (ASE) for the fiscal year (FY) ending December 31, 2014, reporting a rise in net profit by 15.9% to JOD 123.9 million ($174.8 million), compared to JOD 106.9 million ($150.8 million) during the same period of 2013.
The Bank’s operational revenues declined 2.99% to JOD 356.3 million during the period, compared to JOD 357 million.
Meanwhile, the total assets grew 5% to JOD 7.6 million and the customers’ deposits also added 7.2% to JOD 5.5 billion.
The Bank had reported a profit rise by 14.5% to OMR 90.23 million during the nine-month period ending September 30, 2014, compared to JOD 78.8 million.
It is worth highlighting that the Board of Directors has recommended cash dividend of 35%.
