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Islamic Finance Briefing - Categorized | Banking, Performance more

Jordan banks pin hopes on Gulf recovery

Posted on 16 December 2010

From Ahram.org.eg: Jordanian banks are hoping for strong economic growth in Gulf Arab states next year to help turn around a struggling domestic economy and curb their vulnerability to non-performing loans.
The country’s 23 banks, which hold $31 billion of deposits, saw their pre-tax profits fall 23 per cent last year to 695.5 million dinars. Nine-month results for this year were mixed, suggesting the banks were unlikely to bounce back quickly……………………………………….Full Article: Source

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