24 million dinars, the half net profit of Capital Bank :: Nabataeans

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24 million dinars, the half net profit of Capital Bank
Nabataeans –
Capital Bank’s net profit after taxes and provisions increased by the end of the first half of this year by 59 percent, to reach 24.2 million dinars, compared to 15.2 million dinars for the same period last year, after excluding all discontinued operations, including the outcome of the acquisition process, amounting to 18.81 million dinars , bringing the net profit of the group as at the end of the first half of 2021 to 43 million dinars.

The bank’s total assets increased by 31% to reach 3.6 billion dinars, including acquired assets, compared to 2.8 billion dinars at the end of 2020, while the net operating income of Capital Bank during the first six months of this year amounted to about 35.2 million dinars, compared to 26.8 million dinars. dinars during the same period of the previous year, an increase of 31 percent.

Capital Bank’s direct credit facilities increased by 35 percent to reach 1.9 billion dinars, compared to 1.4 billion dinars at the end of 2020, and customer deposits increased from 1.7 billion dinars as at the end of 2020 to reach 2.3 billion dinars at the end of the first half of this year. With an increase of 36 percent.

In the first quarter of this year, Capital Bank Group completed the first acquisition in its history of Bank Audi’s banking business in Jordan and Iraq, which contributed to expanding its local and regional reach, in implementation of the group’s vision and ambitious strategy of achieving growth through the application of the development and expansion methodology in the markets In addition, this transaction will enhance Capital Bank’s direction in the field of retail services.

The Chairman of the Board of Directors of the Capital Bank Group, Basem Al-Salem, confirmed that the bank achieved outstanding financial results during the first six months, despite the continuing stressful economic conditions that Jordan and the countries of the world are going through, affected by the negative repercussions of the Corona pandemic, “reflecting the integrity of our strategic plans, whether those related to studied expansion or diversification. business and the ability to deal with and confront the surrounding challenges.

He pointed out that the Capital Bank Group will continue to work to enhance its strengths by adhering to the highest standards of banking work and providing the best level of banking services to its customers and achieving the best returns for its shareholders, in a manner that consolidates its leading position and position in the local and regional banking sector, especially after its great success in acquiring business Bank Audi’s banking services in both Jordan and Iraq, pointing out that the process of business integration in the post-acquisition period is going very smoothly in both countries, ensuring the continuity of banking transactions for former Bank Audi customers and providing job security for its employees joining the Capital Bank group.

–(Petra)

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