Jordan's Ahli Bank profit rises 7.5 per cent

07 February 2010

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.

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