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Cairo Amman Bank posts 18.2% drop in Q2 profits

Cairo Amman Bank posts 18.2% drop in Q2 profits
profits declined by 10.5% in H1-16 (Photo Credit: Bank's website)
Cairo Amman Bank
CABK
0.81% 1.25 0.01

Mubasher: The net profit of Cairo Amman Bank – Jordan decreased by 18.2% during the second quarter of 2016 as compared to the same period in 2015.

Earnings reached JOD 9.4 million in Q2-16 versus JOD 11.58 million in Q2-15, the bank said in a recent bourse statement.

During the first half of 2016, profits declined by 10.5% to JOD 18.5 million as compared to JOD 20.66 million in H1-15.

Net revenues from interests and commissions shrank by 6% to reach JOD 28.4 million in Q2-16 on an annual basis, the statement added