Capital Bank achieves half-year profits of JD 60.2mln

Capital Bank achieves half-year profits of JD 60.2mln

- Al-Salem: Group assets grew to JD6.5 billion by the end of June and shareholder assets rose to approximately JD600 million

- Al-Salem: A vision of economic modernization is essential to achieving sustainable growth

Amman, Jordan: Capital Bank Group has announced half-year net profits for 2022, the highest since its establishment that are equal to the total profits of 2021, with profits surging by 40% compared to the same period of 2021. According to the initial financial results, the group’s net profits totaled JD60.2 million by the end of June 2022, compared with JD43 million for the same period of last year.

Assets showed an increase, registering 50% or JD2.2 billion, buoyed by the acquisition of Société Générale Bank-Jordan, reaching JD6.5 billion compared with JD4.3 billion at the end of 2021. Net credit facilities rose to JD3.2 billion by the end of June 2022, compared with JD2.1 billion at the end of 2021, a growth of 49%. Client deposits showed an increase by the end of June 2022, reaching 57.6% or JD4.4 billion, compared with JD2.8 billion at the end of 2021. Initial statements also showed an increase in shareholder net assets by 62.4%, reaching JD589 million, compared with JD363 million for the