Net profits of banks in Jordan tumbled 32.9% in 2009 to JD526.5m compared with JD784.7m in 2008, due to the global economic turmoil, according to data compiled by the state news agency Petra. The figures also revealed that some banks posted 26% increase in profits, while other lenders recorded a significant drop in their profits by as much as 86%. The total of combined capital of local banks stood at JD1.931bn, the data showed.
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