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Islamic Finance Briefing - Categorized | Banking, Performance more

Net profits of Jordan Islamic Bank rise by 53% and assets by 16% in 2008

Posted on 10 March 2009

From Arabianbusiness.com: Jordan Islamic Bank, a subsidiary banking unit of Albaraka Banking Group B.S.C. (ABG), announced that it achieved a significant increase of 52.8% in its net profits in 2008 and increased its assets by 15.7%, customer deposits by 14.2%, financing operations by 21.4% and shareholders equity by 20.6%, according to a press release issued by the Bank yesterday.

The statement also mentioned that the bank’s operations were not affected by the consequences of the global financial crises and stressed the bank’s ability to withstand any probable adverse developments that may arise from the crises….. Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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