The Bank has achieved during the first half of 2013 profits amounting to JD (36) million, compared with JD (34) million in the period ahead of last year, namely with a growth of (5.8%). Net profits was JD (25.9) million, compared with JD (24.5) million in the period ahead with an increase of (5.7%), noting that allowances have been realized more than the requirements of the regulatory authority", as stated by Michel Marto/ Chairman of the board of directors of the Housing Bank.
The Bank has achieved good achievements in different items of the balance sheet. Assets amounted JD 7 million, customer deposit balances JD 4.8 billion, and net credit facilities JD 2.7 billion.
These results were positively reflected on a number of performance indicators at the Bank as capital adequacy ratio was 18.5%. The Bank continued to keep a high liquidity reaching 147% exceeding the ratio acceptable by Jordan Central Bank. Return on assets was improved to reach 1.5%, and return on equity to reach 9.8%.
In respect of the external activity of the Bank, the external branches of the Bank in Bahrain and Palestine have achieved during the first half of 2013 a good growth in different indicators compared with those in the period ahead of last year. Results of the subordinate banks in Algeria and Britain were also good compared with those in the period ahead of last year. Performance of "The International Bank for Trade and Finance/ Syria is affected, as expected, because of the difficult circumstances crossed by Syria.
Marto explained that these achievements were as a result of the adoption by the Bank of a strategy based on prudent risk management and capital investment with high efficiency, which enables the Bank to keep strong solvency and capital base, expecting better results in the following periods of this year.