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Shareholders authorise raising capital of Capital Bank of Jordan to JD181.5m

By JT | 00:30 March 25, 2014 |
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AMMAN — Capital Bank of Jordan announced Monday in a press statement that the general assembly of shareholders has authorised capitalising JD16.5 million of retained earnings and raising the bank’s paid-up capital to JD181.5 million. As such, shareholders will get bonus shares at a rate of 10 per cent besides a 10 per cent cash dividends. According to Chairman Bassem Khalil Al Salem, the bank generated JD42.6 million after-tax profit last year, 98 per cent higher than the JD21.5 million recorded in 2012. The statement showed that the bank’s assets grew by 17 per cent to JD1,886 million at the end of last year and that deposits of clients rose by 18.8 per ecnt to reach JD1,140 million. The portfolio of credit facilities increased by 9.2 per cent to JD735 million at the end of 2013 compared to JD673 million at the end of the previous year.

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