JD 19.6 Million Net half Profit of Bank al-Etihad of 2021
Salfiti: Bank al-Etihad’s semi-annual profits rose with the support of interests and returns
Bank al Etihad (UBSI), which is listed on the Amman Stock Exchange, achieved a growth in quarterly profits for the first half of this year, by 45.66 percent, on an annual basis.
Preliminary financial results showed that it achieved semi-annual profits attributable to shareholders of JD 19.56 million ($27.59 million) in the first half of the year, compared to profits of JD 13.43 million ($18.94 million) in the first half of 2020.
The Bank’s financial results indicated to the net of the revnue of interests and commissions in the first quarter of the year increased by 86.82% to reach JD 72.47 million compared to JD 38.79 million for the first half of 2020.
Issam Salfiti, Chairman of the Board of Directors of Union Bank, expressed his pride in the achievement achieved by the bank in the first half of this year, praising the efforts made by his work team, who were able to control the significant negative effects caused by the Covid-19 pandemic and achieve satisfactory results that confirm the bank’s financial strength.