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AJIB FY14 profit soars 46.22%

AJIB FY14 profit soars 46.22%
Photo Credit: Arabianeye-Reuters
AJIB
AJIB
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Arab Jordan Investment Bank (AJIB) posted its financial results to the Amman Stock Exchange (ASE) for the fiscal year (FY) ending December 31, 2014, reporting a profit surge by 46.22% to JOD 24.36 million ($34.37 million), compared to JOD 16.66 million ($23.5 million) during the same period of 2013.

The Bank’s operational revenues jumped 44% to JOD 60.95 million during the same period, compared to JOD 42.32 million.

AJIB had reported a profit rise by 39% to JOD 17 million during the nine-month period ending September 30, 2014, compared to JOD 12.21 million.

The Bank’s capital amounts to JOD 150 million, distributed on 150 million shares at JOD 1 par value each.