By : Financial Editor
Jordan Daily – The General Assembly of INVESTBANK shareholders has approved a 10% cash dividend distribution of the bank’s capital, totaling JD10,000,000, during its annual General Assembly meeting chaired by the Chairman of the Board, Fahmi Abu Khadra.
The meeting, attended by shareholders holding approximately 90% of the capital, the Companies General Controller , Dr. Wael Al-Armouti, and several board members including the bank’s General Manager Muntaser Dawwas, also approved the board’s report, the bank’s financial statements for 2023, and its future plan for 2024.
Abu Khadra stated that INVESTBANK achieved outstanding financial results at the end of 2023, with strong growth in all its main financial indicators. The net profit rose to 25 million dinars, and pre-tax profits increased to 33.2 million dinars.
He pointed out that the net credit facilities granted by INVESTBANK to its individual and corporate clients by the end of last year reached 1.1 billion dinars, compared to 850 million dinars at the end of 2022, an increase of 25%. Assets also increased by 27% to reach 1.8 billion dinars compared to 1.4 billion dinars at the end of 2022.
Customer deposits also saw a clear increase of 35%, compared to the end of the previous year, surpassing the barrier of 1.2 billion dinars compared to 918 million dinars at the end of 2022.
Abu Khadra pointed out that INVESTBANK sought during 2023 to present itself as a bank that provides specialized banking services directed to its target customer base. From this standpoint, the bank continuously worked to strengthen its subsidiaries that provide services at a degree of specialization, and worked to enhance its presence in the field of electronic payment services noticeably during the past year, in addition to enhancing and developing its services provided through internal facilities circles for individuals and companies.
Regarding the bank’s future plans, Abu Khadra confirmed that the bank is looking forward to achieving its precise strategic plans, which take into account the implementation of its main objectives on various levels, including, but not limited to, strengthening its financial position strongly, taking into account risk management of all types, in order to achieve sustainable returns for the bank’s shareholders, and upgrading the digital customer experience by providing digital solutions that support our priorities in the next stage.
