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Jordan Housing Bank profits rise 8.5% in Q3

Jordan Housing Bank profits rise 8.5% in Q3
The Housing Bank Headquarters - (Photo Credit: Bank Website)
The Housing Bank
THBK
0.51% 3.92 0.02

Mubasher: The unaudited financial results of the Housing Bank for Trade and Finance - Jordan showed a growth in profits by 8.5% in the third quarter of 2016, according to a bourse filing issued Monday.

Profits reached JOD 34.2 million ($48.12 million) in Q3-16 compared to JOD 31.51 million ($44.34 million) in Q3-15, the bank said in its statement.

As for the first nine months of 2016, profits increased by 8.1% to JOD 100.64 million from JOD 93.08 million in the same period last year.