Ammon News - * 30.2 million dinars, Bank of Jordan's profits "after tax" in 9 months

* Increase in facilities granted to the public sector in Palestine to 54 million dinars

Ammon - The quarterly data of Bank of Jordan revealed a decline in its net profits (after tax) for the first 9 months of this year to reach 30.161 million dinars compared to 37.288 million dinars recorded in the same period last year, with a decline rate of approximately 19%.

According to the data published by the Amman Stock Exchange, which Ammon reviewed, the bank's profit "before tax" since the beginning of the year until the end of last September reached 44.729 million dinars compared to 53.697 million dinars, with a decline rate of approximately 17%.

The total income achieved by Bank of Jordan during the first 9 months of this year increased to 127.552 million dinars, compared to 126.875 million dinars recorded in the same period last year, while the total expenses also increased during the same period to reach 82.823 million dinars, compared to 73.175 million dinars allocated in the same period in 2023.

The net direct credit facilities of Bank of Jordan reached nearly 1.475 billion dinars, compared to 1.433 billion dinars recorded at the end of last year.

In the same context, the value of non-performing credit facilities increased to 158.549 million dinars, or 6.9% of the balance of direct credit facilities as of September 30, 2024, compared to 15.296 million dinars as of December 31, 2023.

The credit facilities granted by the Bank of Jordan to the Jordanian government and guaranteed by it decreased by the end of the first nine months of the current year to nearly 499.9 thousand dinars, compared to an increase in the facilities granted to the public sector in Palestine to 53.968 million dinars as of September 30, 2024.