Capital Bank H1 profit reaches JD60.2 million

Capital Bank Group announced its half-year net profit for 2022, the highest since its establishment, with its profit surging by 40 per cent compared with the same period of 2021.

According to its initial financial results, the group’s net profit totalled JD60.2 million by the end of June 2022, compared with JD43 million for the same period of last year. Assets rose, registering 50 per cent or JD2.2 billion, buoyed by the acquisition of Société Générale Bank-Jordan, reaching JD6.5 billion compared with JD4.3 billion at the end of 2021.

Net credit facilities rose to JD3.2 billion by the end of June 2022, compared with JD2.1 billion at the end of 2021, a growth of 49 per cent.Client deposits showed an increase by the end of June 2022, reaching 57.6 per cent or JD4.4 billion, compared with JD2.8 billion at the end of 2021.

Capital Bank Group Chairman Bassem Khalil Al Salem expressed his satisfaction with the financial results and achievements of the group in the first half of 2022, voicing his appreciation for the efforts of the group’s entire team.