Cairo Amman Bank reported first half results for 2014.
- Cairo Amman Bank reported an 18% increase in net profits, equivalent to JOD 20.6 million, for the first six months of this year compared to JOD 17.4 million for the same period in 2013.
- According to the disclosure published submitted to the Jordan Securities Commission and published on the Amman Stock Exchange website, the results of the semi-annual financial statements for Cairo Amman Bank stated that the profits before income tax was JOD 30.6 million, compared to JOD 25.6 million for the same period in 2013. Additionally, the allowance for impairment losses on direct credit facilities was around JOD 3 million, similar to that for the same period in 2013.
- Total Liabilities and Owners’ Equity increased to JOD 2306 million at the end of June 2014 compared to JOD 2213 million at the end of 2013.