Arab Investment Bank’s 2021 Half – Year Net Profit of JD 9.01 Million
Alqadi: The bank has proven its competence in managing crises and has managed, thanks to its various plans and strategies, to maintain the strength of the bank’s financial position.
The Arab Jordan Investment Bank (AJIB), which is listed on the Amman Stock Exchange, achieved a growth in its quarterly profits for the first half of this year by 24.49 percent, on an annual basis.
The bank’s unaudited financial results showed that it achieved semi-annual profits of JD 9.01 million ($12.7 million), compared to profits of 7.23 million ($10.2 million) in the first half of last year.
The financial statements indicated that the bank rationalized the total expenses in the first half of the year by 20.08 percent, to reach JD 16.31 million, compared to JD 20.41 million in the first half of 2020.
Chairman of the Board of Directors Hani Alqadi said that the bank, praise be to God, has proven its competence in managing crises under these circumstances and was able, thanks to its various plans and strategies, to maintain the strength of the bank’s financial position.
Alqadi stressed that what the bank started in 2021 will continue within the policy of precaution and reservation, especially since the repercussions of the Corona pandemic have not yet ended, knowing that economic matters within the bank are now completely under control, no matter how unexpected scenarios arise on the global situation.