Connect with us

Hi, what are you looking for?

Jewish Business News

World News

Arab Bank of Jordan Reports Robust Loan Growth

Arab Bank

Jordan’s Arab Bank Group, the leading lender in the country, reported loan growth with a 15% increase in net profit for 2014 to $577 million, as reported by Reuters. Even though there was volatility in foreign currencies, its diversified holdings provided protection against a shortfall. Deposits increased 2%, and loans and advances grew by 3%. With an adjustment for the impact of exchange rates, the loans and deposits grew by 9% and 7% respectively, according to AME Info.

The quality of loans were also strong, according to Nemeh Sabbagh, CEO of Arab Bank, with the number of non-performing loans decreasing. The operating income, and liquidity were also strong points, and the loan to deposit ratio was  67.7%.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.