JIB sees JOD 45m profit in FY14

Cairo-Mubasher: Jordan Islamic Bank (JIB) posted its financial results to the Amman Stock Exchange (ASE) for the fiscal year 2014, during which it reported a profit of JOD 45.1 million ($63.3 million), the same amount it achieved the year before.


The operational revenues reached JOD 115.7 million during the period, compared to JOD 116.1 million.


Moreover, JIB’s profit before taxes stood at JOD 63.9 million by the end of 2014, compared to JOD 64.7 million during the same period of 2013.


During the first nine-month period ended September 30, 2014, the Bank reported a net profit after taxes of JOD 33.2 million and total profit of JOD 47.1 million.


It is worth highlighting that JIB’s capital amounts to JOD 150 million, distributed on 150 million shares.