Housing Bank Group’s net profit for 2022 increased by 20.2% over previous year: Jordan

Housing Bank Group’s net profit for 2022 increased by 20.2% over previous year: Jordan

The Housing Bank for Trade and Finance (HBTF) announced the results of its consolidated financial statements for the fiscal year that ended on December 31, 2022.

The results revealed that the group’s net profits, after provisions and taxes, amounted to JD132.4 million for 2022, compared with JD110.1 million achieved in 2021, reflecting a growth of 20.2 per cent, according to a statement from the bank.

Speaking about the Group’s 2022 financial statements, Abdel Elah Al Khatib, chairman of the board of directors, expressed his deep satisfaction with the positive results, indicating that the bank’s solid performance was the result of its comprehensive and flexible strategic approach, which focuses on sustainability and a continuous emphasis on digital transformation.

Khatib underscored that HBTF’s latest achievements reflect the bank’s diversified capabilities and strengths, which include its sustainable investment resources, efficient operational processes, effective recruitment, wide-reaching operational resources and prudent, high-quality credit portfolios, as well as the bank’s intelligent, conservative approach to risk management.

The chairman also highlighted HBTF’s exceptional customer service, and its ability to consistently meet their needs and maximise the returns on equity, which rose from 9.3 per cent in 2021 to 10.7 per cent at the end of 2022.

Khatib added that the group has