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Bank of Jordan's net profit up 9%.


Mr Shaker Shaker

Member of the United Society of Believers in Christ's Second Appearing, a celibate millenarian sect. Derived from a branch of the radical English Quakers (see Society of Friends), the movement was brought to the U.S.
 Fakhouri, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  and General Manager of Bank of Jordan The Bank of Jordan is a bank in Jordan. It was founded in 1960 and is based in Amman. The Bank of Jordan offers credit cards and internet banking. It operates over 60 bank branches in Jordan and 8 branches in the West Bank and Gaza Strip areas, and over 60 automated teller machines.  announced the financial results for the first quarter of 2009. Net profits before tax reached JD9.8 million at a growth rate of 9.1%, compared to the same period of 2008. Net profits increased to JD7.4 million, after deducting taxes and allowances, at a growth rate of 9%. Fakhouri reflected that most items of the Bank's financial position attained at·tain  
v. at·tained, at·tain·ing, at·tains

v.tr.
1. To gain as an objective; achieve: attain a diploma by hard work.

2.
 positive outcomes for the period ending on March 31, 2009. The Bank's assets increased to JD1.768 billion at a growth rate of 5%, while deposits rose by 4.8% to reach JD1.337 billion, which led to an increase in the liquidity rates, reaching comfortable levels in excess of local requirements and standard global rates

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Publication:The Star (Amman, Jordan)
Article Type:Financial report
Date:May 18, 2009
Words:144
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