Jordan Islamic Bank Announces 2013 Results

News: Jordan Islamic Bank registered a 23.8% year-on-year (y-o-y) rise in net profits after tax to US$63.61mn in 2013, compared with US$51.48mn in 2012. Customer deposits grew 8.1% y-o-y to reach US$4.5bn at end-2013, compared with US$4.16bn at end-2012. Total assets stood at US$4.96bn at end-2013, up 8.2% y-o-y from US$4.58bn at end-2012. The board of directors of the bank has recommended a cash dividend of 15% of the bank's capital to shareholders.

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Geography: Jordan

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