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Jordan Commercial Bank returns to profitability

By Petra | 22:58 August 2, 2015 |
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AMMAN — Jordan Commercial Bank generated JD8.7 million profit during the first six months of 2015, compared to JD1.9 loss during the same period last year.

The bank's financial data revealed Sunday that the January-June 2015 net profit stood at JD5.8 million, compared to a loss of JD2.1 million in the same period of the previous year.

The data showed an increase in impairment provisions for direct credit facilities to JD10.7 million, compared to JD3.9 million. Total liabilities and shareholders' equity reached JD1.3 million in the first six months of 2015 compared to JD1.2 million in 2014's January-June period.

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