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Jordan Commercial Bank posts losses in Q3

Jordan Commercial Bank posts losses in Q3
Losses stood at about JOD 6,103 (Photo Credit: Arabianeye-Reuters)
Jordan Commercial Bank
JCBK
-6.19% 0.91 -0.06

Mubasher: Jordan Commercial Bank suffered losses during the third quarter of 2016 against earnings in the same quarter a year ago.

Losses stood at about JOD 6,103 ($8,610) in Q3-16 versus profits worth JOD 4.02 million ($5.67 million) in Q3-15, according to a recent bourse statement.

During the nine-month period, the bank’s profits shrank 68% to JOD 3.76 million from JOD 11.76 million in the same period a year ago.