Capital Bank records 34% growth in profit

Capital Bank Group's net profits from its regular operations amounted to nearly JOD110 million by the end of September 2024 compared to JOD82 million for the same period last year, a 34% growth rate. The group also recorded a 23% growth in net income, reaching nearly JOD302 million compared to JOD245 million for the same period last year. The financial statements in net credit facilities granted to customers by the end of the third quarter of this year increased by 4% to reach JOD3.6 billion compared to JOD3.4 billion at the end of last year. Net interest income increased by 25% to reach JOD159.3 million by the end of last September compared to JOD127.6 million during the same period last year. Capital Bank Group Chairperson, Basem Salem, said: "The performance achieved by the group during the first nine months of this year reflects our success in implementing our well-thought-out strategies, which focus on enhancing financial sustainability and expanding our business regionally." Source: Jordan News Ag ency