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Jordan’s AJIB posts 2.3% profit decline for Q3

Jordan’s AJIB posts 2.3% profit decline for Q3
Photo Credit: Arabianeye - Reuters
AJIB
AJIB
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Mubasher: Arab Jordan Investment Bank (AJIB) achieved earnings of JOD 16.6 million (nearly $23.3 million) in the first nine months of 2015, down 2.34% compared with JOD 17 million ($23.9 million) in the corresponding period of 2014.

The lender’s earnings dropped by 26.8% in Q3-15 after jumping by 42.9% in Q1-15 and falling by 4.53% in Q2-15.   

The bank operates with JOD 150 million in capital, divided into 150 million shares at a par value of JOD 1 each.