Shareholders’ equity at the end of the first quarter of the current year increased to reach about USD 336.95 million compared to USD 322.28 million at the end of 2012 with a growth of 4.6%.
The Bank’s assets with the managed accounts added to (restricted investment accounts and Muqarada bonds) amounted to about USD 4.67 billion compared to USD 4.61 billion at the end of 2012.
Customers’ deposits (including managed accounts) at the end of the 1st quarter of the current year reached approximately USD 4.200 billion compared to USD 4.164 billion as of 31/12/2012.
Facilities granted for customers reached during the 1st quarter of the current year approximately USD 3.202 billion compared to USD 3.173 billion at the end of 2012 where financing individuals comprises quarter of the total amount of the bank’s financing.
Board of directors of Jordan Islamic Bank led by Adnan Ahmad Yousif, Chairman of the Board of Directors, who is also President and Chief Executive of Al Baraka Banking Group (ABG), approved the financial statements of the 1st quarter.
Adnan Ahmed Yousif lauded the excellent results of the Bank achieved r in spite of the political and economic fluctuations the region witnesses, asserting the safety of applying the bank’s strategic plan which is well planned for the coming five years and the results which were achieved by collaborating the efforts of management and employees at the Bank efficiently in employing fund and finding safe investment approaches, continuing to offer services to clients at high levels in order to consolidate islamic banking business in Jordan which is supported constantly by official institutions and control authorities which are headed by Central Bank of Jordan (CBJ).
Musa Abdelaziz Shihadeh, Vice Chairman, General Manager of Jordan Islamic Bank (JIB) said the Bank’s financial indicators for the 1st quarter of 2013 showed an increase which asserts the strong credit and financial position the Bank occupies.
Shihadeh indicated that these standard results are stemmed from the Bank’s prudent policy which seeks to avoid risks , distribute and employ investments within sharia controls , in addition to the increase in granting credit facilities for individuals , the Bank’s participation in financing governmental needs and good return on finances which were granted in previous years and become payable this year.
He added that we aim to continue enhancing the Bank’s position in Jordan banking sector and achieve our strategy which proved its success in maintaining the growth ratios in all operations with seeking to render the best banking services which are compliant with provisions of Islamic sharia.