Capital Bank’s profits hit JD80mln by the third quarter of 2022, a 52% increase

Capital Bank’s profits hit JD80mln by the third quarter of 2022, a 52% increase

Amman, Jordan: Capital Bank Group announced JD80 million in net profits at the end of September 2022, compared with JD52.7 million during the same time last year, an increase of 52%, reflecting the confidence of the bank’s customers, partners and depositors.

Capital Bank Group’s assets saw a remarkable 54% growth during the same period, equivalent to JD2.3 billion, of which JD1.6 billion were the result of Société Générale Bank – Jordan (SGBJ) acquisition, thereby reaching approximately JD6.7 billion, compared with JD4.3 billion at the end of 2021. Net credit facilities increased to JD3.3 billion at the end of September, compared with JD2.1 billion at the end of 2021, an increase of 56%. Client deposits also registered an increase at the end of September, by 67% to reach JD4.6 billion, compared to JD2.8 billion at the end of 2021. Preliminary results showed an increase of 63% in net shareholders’ equity to reach JD638 million, compared to JD392 million by the end of 2021.

The Chairman of Capital Bank Group Bassem Khalil Al-Salem expressed his content with the group’s outstanding third quarter results, adding that the group has recently put into motion a number of actions and measures that strengthened its local and regional