Jordanian banks: 20.3% profit surge on Amman Stock Exchange

(File photo: Jordan News)
AMMAN Jordanian banks listed on the Amman Stock Exchange, totaling 14, have reported a significant increase in profits after tax for the past year, reaching 1.01 billion dinars, marking a notable 20.3 percent rise compared to 2022, according to preliminary data published on the Amman Stock Exchange website. Before taxes, the profits of these banks amounted to approximately 1.44 billion dinars, reflecting a robust 21.5 percent increase compared to the previous year's JD840 million.اضافة اعلان

During its inaugural meeting of the year, the Open Market Operations Committee at the Central Bank of Jordan opted to maintain the current levels of interest rates for monetary policy tools, Al-Mamlaka TV reported.

According to figures from the Central Bank of Jordan, credit facilities in dinars granted by banks witnessed an increase of about JD1 billion last year, showing a growth rate of 3.5 percent. Additionally, deposits in banks surged by JD1.6 billion in 2023, registering a growth rate of 3.9 percent and reaching a total of JD43.7 billion.

The latest economic data available indicates a rise in CBJ’s foreign reserves to $18.2 billion, sufficient to cover the Kingdom's imports of goods and services for 7.9 months.

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