IIAB's profit reached 43.5 in 2017
Thu 29 March 2018

Islamic International Arab Bank’s general assembly of shareholders meeting held on 28/03/2018 presided over by Mr. "Mohammed Said" Mohammed Shahin Chairman of the Board of Directors and was attended by the board of directors' members,  Bank’s Sharia Board, the representative of the Companies Control Department, the external auditor, and the representative of the Central Bank of Jordan.

Mr. Shahin announced The financial results for the year ending 31/12/2017 showed an increase in the the Bank’s profit before taxes reached JD 43.5 million against JD 34.6 million; a 25% growth from 2016, and Total direct credit facilities amounted to JD 1.277 billion against JD 1.139 billion ; achieving a growth of 12% from the previous year,  Customer deposits (included restricted deposits) recorded JD 1.967 billion against JD 1.874 billion; a growth rate 5%.

Mr. Shahin said that Total owners' equity reached JD 174 million in 2017 against JD 156 million in 2016; a 12% growth.

And he added that revenue and performance indicators increased compared to 2016, whereas ROA increased to 1.4%  , ROE increased to 16.5% , and the capital adequacy ratio (CAR) reached 16.5% which exceeds the Central Bank's requirements, and general assembly of shareholders approved the balance sheet, the financial statements, and the Board of Directors’ report.