May 03 2012 |
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Housing Bank announces higher profit during first quarter of this year
AMMAN -- The Housing Bank for Trade and Finance ( HBTF ) announced on Wednesday in a press release that its profit before tax and after provisions amounted to JD34 million in the first quarter of this year, 6.2 per cent higher than the JD32.1 million recorded during the same period of last year.HBTF Chairman Michel Marto said in the press statement that net profit after tax and after provisions stood at JD24.5 million in the first three months of 2012, a 5 per cent increase over the JD23.4 million during the same period of 2011.
Last year figures showed that total assets amounted to JD6.7 billion, client's deposits and credit facilities stood at JD4.7 billion and JD2.4 billion respectively. Gross income reached JD88.1 million, an increase of 30 per cent from last year, Marto noted. HBTF liquidity ratio stood at 179 per cent while capital adequacy ratio was 20.1 per cent. He indicated that the provisions were more than required by oversight authorities.
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