IslamicFinance.de

Jordan Islamic Bank (JIB) achieved $14.71 million in net profits in Q1 2014, compared to $14.68 million during Q1 2013. The bank’s assets reached about $5.079 billion compared to $4.968 billion by the end of 2013. Clients’ deposits reached about $4.581 billion compared to about $4.500 billion as of end-2013. Facilities and investments reached about $3.565 billion compared to $3.519 billion at end-2013. The non- performing finance (NPF) ratio reached about 4.34 per cent, its coverage ratio about 86 per cent. The bank enhanced its capital base by increasing its paid capital by distributing 20 per cent as free shares to shareholders in addition to distributing cash dividends to shareholders at 15 per cent for the year 2013.