IIAB achieving a growth of 26%
Mon 29 January 2018

Islamic International Arab Bank's financial results for the year ending 31/12/2017 showed an increase in the Bank’s Profit before Tax to reach JD 43.5 million; a 26% growth from 2016, and Net profit after taxes reached JD 28.8 million against JD 23 million in 2016. 

As a result of the Bank’s main activities, income from operations for the year 2017 amounted to JD 75.7 million against JD 65 million in 2016, total customer deposits amounted JD 1967 million against JD 1874 million in 2016 achieving a growth of 5%; total direct credit facilities amounted to JD 1277 million ; achieving a growth of 12% from the previous year, and capital adequacy ratio is 16.5% noting that financials are subject to CBJ approval.