Mubasher TV
Contact Us Advertising   العربية

Safwa Islamic Bank logs JOD 2.04m profits in Q3

Safwa Islamic Bank logs JOD 2.04m profits in Q3
From January to September, SIBK’s profit rose to JOD 6.06 million, versus JOD 4.13 million in the same period a year ago.
Safwa Islamic Bank
SIBK
-0.48% 2.09 -0.01

MubasherSafwa Islamic Bank (SIBK), listed on the Amman Stock Exchange (ASE), reported 33.33% year-on-year increase in its net profits in the third quarter of 2018.

The bank’s profits reached JOD 2.04 million ($2.88 million) between July and September 2018, up from JOD 1.53 million ($2.16 million) last year, the bank said in a statement on Tuesday.

The bank also achieved a 26.7% year-on-year increase in total mutual investment income to JOD 15.95 million in Q3-18 from JOD 12.59 million, SIBK said.

From January to September, SIBK’s profit rose to JOD 6.06 million, versus JOD 4.13 million in the same period a year ago.

As of the first half of 2018, the bank's profit rose to JOD 4.01 million, compared to JOD 2.6 million in the first half of last year.