Profits up 7.5 per cent
Jordan’s Ahli Bank reported an increase in profit in 2009 of 7.5 per cent, to JD18.65m ($26.3m), Reuters has reported. The bank’s total income, including interest and commissions, dropped to JD80m in 2009 from JD81m in 2008. Non-performing loans fell to 11.28 per cent of the banks’ total loans portfolio at end of December 2009 against 11.82 per cent at the end of 2008. The bank has a regional presence in Lebanon, the Palestinian territories and Cyprus.