The Housing Bank has achieved a profit before tax of 132 million dinars by the end of the third quarter of 2015, compared with 122.2 million dinars have been achieved during the corresponding period last year, an increase of 8%, and net profit after tax of 93.1 million dinars compared to the amount of 90.2 million dinars in the same period of 2014, an increase of 3.2%, as the income tax rate rose from 30% in 2014 to 35% from the beginning of 2015.
Commenting on these results, Dr. Michel Martothe Board Headstated that the results were due to the successful Bank's work and policies of prudent strategy and the consideration of the standards developed banking business and provide the best services and products to its customers, in terms of total assets of the bank reached at the end of the third quarter of 2015 to 8 billion dinars, an increase of increase of 4.7% from the end of 2014, and increased customer deposit balances to $ 5.8 billion dinars, an increase of 6% from the end of the previous year, and the net balance of the credit facilities portfolio increased to 3.6 billion dinars, an increase of 34.2% from what it was at the end of 2014.
These results are positively reflected on the bank performance indicators confirming the durability and safety of the financial position compared to the existing conditions, reaching the capital adequacy ratio of 17.5%, reaching the liquidity ratio of 137% and both are higher than the required rates of the Central Bank of Jordan, and the rate return on assets of 1.6% and the rate of return on equity of 12.1%, as the ratio of total loans to customer deposits of about 68%.
Bank constantly seeks to develop products and improve the quality of its services through the promotion of the various distribution channels has, where the number of the operating bank branches in Jordan reached 125 branches supported by 213 ATMs, to keep the bank thus topping the banking sector in Jordan, the number of branches and number of ATMs, etc. It is worth mentioning in this regard that the Housing Bank network of domestic and international branches, amounting to 176 branches in Jordan, Syria, Algeria, Britain, Palestine and Bahrain, as well as representative offices in both Iraq and the United Arab Emirates and Libya, the results came of overseas branches and subsidiary banks good compared to the prevailing conditions in the presence areas.
At the end and as a comment on the Bank's results, Dr. Marto stressed on the pride of the Bank and the strength of its capital base, and the safety and quality of credit portfolio has, and return the achievements prudent policies adopted by the Bank and supportive attitudes of the Governing Council and the sincere efforts of the executive management and staff, andbest results are expected to come in fourth quarter of this year.