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BANKING

Jordan Islamic Bank posts 2014 net profit of $63.6 millionMarch 28, 2015

Jordan Islamic Bank , a subsidiary of Bahrain-based Al Baraka Banking Corp , reported 2014 net profit of 45.1 million dinars ($63.6 million) on Thursday, the same level as the year-ago period.

Its assets had risen to 3.86 billion dinars by the end of December 2014, compared with 3.52 billion dinars at end of 2013, an increase of 9.4 percent.

The bank, the oldest of the four Islamic banks operating in Jordan and the largest in terms of assets, said in a statement the results showed robust growth in Islamic banking services.

"The"......

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Cairo Amman Bank Starts Operating “Bank Pro” e-platformMarch 26, 2015

SSS Process Company has completed a new phase of the automation procedures of Cairo Amman Bank (CAB). It has succeeded in applying its e-platform “Bank Pro” regarding real estate appraisers and transportation applications.

The "Pro Bank" platform aims to automate paper-based transactions, which include the majority of the internal procedures and functions of the banks. It also aims to provide all operational procedures that contribute to increasing work efficiency and promoting the principles of transparency and professionalism of the staff.

General Manager of the Cairo...

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Planning minister, World Bank official discuss cooperationMarch 26, 2015

Minister of Planning and International Cooperation Imad Fakoury and World Bank (WB) director for the Middle East and North Africa Farid Belhaj, Wednesday discussed future cooperation and projects between Jordan and the WB, especially in light of the discussions that began recently on the possibility for Jordan getting a new loan from the WB to support the budget.

Fakhoury stressed the need to increase the grants and technical aid provided"...

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Capital Bank of Jordan’s ratings affirmedMarch 24, 2015

Capital Intelligence (CI), the international credit rating agency, announced today that it has affirmed Capital Bank of Jordan’s (CAP) Long and Short-Term Foreign Currency Ratings (FCR) at ‘BB-’ and ‘B’, respectively.


CAP’s FCRs are constrained by the ratings assigned to the sovereign (‘BB-’/‘B’/‘Stable’),"...

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Bank of Jordan 2014 net profits rise almost 16 percentMarch 16, 2015

Bank of Jordan boosted net profits by 15.7 percent to 47 million dinars ($66.4 million) in 2014 helped by diversification of it's retail and corporate business, a bank statement said on Sunday.


Total bank assets rose 5.5 percent to 2.19 billion dinars in 2014 from the previous year while loans rose 5.8 percent last year and stood at 1.1 billion dinars at the end of"...

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