Jordan Daily – Jordanian banks listed on the Amman Stock Exchange have announced a “record profit” after tax for the first half of this year, reaching JD 557.5 million . This impressive figure reflects a significant increase of 29.3% compared to the JD 431.1 million recorded in the same period last year.
Moreover, the pre-tax profits of the listed banks for H1 2023 reached JD 815.8 million , exhibiting a significant surge of 37.1% in comparison to the 595.1 million dinars reported in the same period last year.
These impressive financial results come in the wake of the Central Bank of Jordan’s decision last July to raise interest rates by 25 basis points, setting the main interest rate at 7.5%. Furthermore , the direct credit facilities granted by Jordanian banks increased by 3%, reaching 33.5 billion dinars by the end of May 2023.
