JDs 2.8 Million, Profits of Jordan Kuwait Bank this Year
Allouzi: 1659, first half of 2021, a shift for the bank to new horizons.
The Jordan Kuwait Bank (JOKB), which is listed on the Amman Stock Exchange, turned to profitability in the first half of this year, on an annual basis.
The bank’s preliminary financial statements showed that it achieved profits of JD 2.81 million ($3.97 million) in the first half of the year, compared to losses of JD 5.75 million ($8.11 million) in the half of last year.
The financial results indicated a rationalization of the bank’s total expenses by 18.87 percent, to reach JD 48.41 million in the first half of the year, compared to JD 59.67 million in the first half of 2020.
It is worth noting that the bank’s management became under the leadership of _Nasser Al-louzi, the current chairman of the board of directors of the Jordan Kuwait Bank. .