Jordan’s Housing Bank for Trade and Finance announced its financial results in a press statement to the Amman Stock Exchange (ASE), reporting a net profit after taxes of JOD 90.2 million during the first nine months of 2014, against JOD 78.8 million in the same period a year earlier, recording a rise by 14.5%.

According to the Bank’s data for the first nine months of 2014, pre-tax profit reached JOD 122.2 million, against JOD 110.2 million in the corresponding period a year earlier, growing by 11%.

“Total assets at the end of the 3rd quarter of 2014 rose by 4% from the end of 2013 to JOD 7.5 billion, and customer deposit balances increased by 6.1% to JOD 5.4 billion,” Michel Marto, chairman of the board of directors said in the statement, adding that “Net balance of credit facilities portfolio reached JOD 2.8 billion, 6.4% higher than the amount at the end of last year”.

Such results positively affected various performance indicators as the capital adequacy ratio reached 17.6%, higher than the 12% minimum required by the Central Bank of Jordan (CBJ), and liquidity ratio amounted to 166%, which is also more than the CBJ’s 100% required minimum. While other indicators showed a 1.6% return on assets ratio, an 11.2% return on equity ratio, and a 57.5% loans-to-customer deposits ratio.