Jordan's Housing Bank for Trade and Finance, the country's second largest lender, posted a 16.4 per cent increase in first-half net profit to $86.2 million due to better utilisation of funding in core activities, it said yesterday.

Assets stood at $10.7 billion at end of June, up 5pc from the end of 2013."...

The Ministry of Water and Irrigation and the German Development Bank (KfW) on Saturday signed a €30 million loan agreement to finance water projects under the water resources management programme.

The third phase of the programme entails improvements to water supply and sanitation, including expansion of al Karak purification station to almost double its capacity to 5,500 million cubic metres cm as well as rehabilitation of farmers in the Northern Jordan Valley and the establishment of agricultural societies for irrigation purposes.

Minister of Water and Irrigation, Hazem Nasser,...

Standard Chartered bank is mulling expanding its banking services in Jordan, thanks to the success it achieved over the past four years, CEO for Middle East, North Africa and Pakistan (MENAP), Christos Papadopoulos, said.

In a recent interview to the Petra news agency, he added, "Our branch in Jordan was able to achieve the highest growth percentage amongst all of our branches in the region, which makes it one of the biggest contributors"...

The Central Bank of Jordan (CBJ) on Saturday officially launched e-FAWATEERcom system to help citizens check and pay their bills electronically via different paying outlets.

The CBJ announced in a statement that the banks which have linked to the system so far are Al Ittihad Bank, Jordan Islamic Bank, Egyptian Arab Land Bank, Jordan Commercial Bank, Arab Bank, Housing Bank, Cairo Amman Bank, Bank of Jordan, Islamic International Arab Bank, Dubai Islamic Bank, Societe Generale de Banque-Jordanie, Arab Banking Corporation, National Bank of Abu Dhabi and Al Ahli Bank.

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