By : JD News Desk
Jordan Daily – The Jordan Kuwait Bank (JKB) reported a 43% increase in its net assets to JD 5.072 billion ($7.15 billion) in the third quarter of 2021, compared with the same period last year, as it boosted its deposits, loans and equity.
The bank’s net profit rose to JD 72.1 million , according to its interim consolidated financial statements.
The bank’s equity grew by 47.2% to JD 702.8 million , while its deposits and cash guarantees increased by 40.9% to JD 3.574 billion . Its facilities and loans, rose by 5.6% to 2.030 billion dinars.
The bank’s chairman, Nasser Al-Lozi, attributed the strong performance to the bank’s comprehensive strategy that covers banking, investment, technology and management.
CEO of the bank , Haitham Al-Batikhi, said the bank maintained a solid financial position and a high capital adequacy ratio of 17.56%. He also thanked the bank’s customers, shareholders, employees and regulators in Jordan and Iraq for their support.
