Housing Bank Reports Strong First-Half 2024 Results, Achieving Net Profit of JD 80.1 million
Amman – Al-Oula
The Housing Bank for Trade and Finance Group has announced its financial results for the first half of 2024, showcasing impressive performance with a net profit of JD 80.1 million, marking a 4.4% increase compared to the same period last year.
Chairman of the Board, Abdel Ilah Al-Khatib, expressed his satisfaction with these positive financial outcomes, emphasizing that they reflect the success of the bank’s flexible and modern strategies, deeply rooted in a legacy of over five decades of achievements and excellence.
Al-Khatib highlighted that the group’s ability to surpass the JD 80 million net profit threshold during the first half of the year underscores the bank’s efficiency, excellence, and ability to navigate through exceptional circumstances and geopolitical developments that have impacted various economic and service sectors.
CEO Ammar Al-Safadi provided an overview of the key financial indicators for the first half of 2024, underscoring the robustness of the group’s financial position. He noted the bank’s effective and flexible resource management across its operational sectors, which has driven the targeted growth in its diverse operational activities.
Al-Safadi expressed pride in the bank’s outstanding performance during the first half of this year, achieving sustainable growth rooted in its core operational sectors, which have continued to demonstrate positive, upward trends across all financial indicators.
He pointed to the rise in return on equity, reaching 12.3% in the first half of 2024, alongside an increase in return on average assets to 1.81%. This exceptional performance reflects the bank’s operational efficiency and effective management of assets and liabilities, aimed at maximizing shareholder value.
Al-Safadi reaffirmed the bank’s commitment to its strategy of keeping pace with the latest electronic and digital advancements, aligning with global banking best practices. He emphasized the bank’s dedication to providing superior banking services to maintain customer satisfaction, while continuously adapting to emerging trends in the banking industry and leveraging modern technology, befitting the Housing Bank’s esteemed position in the Jordanian banking market.
