Financial and Banking News
Cairo-Amman Bank Doubles Capital
Cairo-Amman Bank last week announced that it is increasing its capital to JD5mn ($13.3mn) in accordance with government regulations. Cairo-Amman is 88% owned by Jordanian citizens, with a 12% stake held by Banque du Caire. At the end of 1984 it had total assets (less contras) of JD119.2mn ($317mn), a JD26.3mn ($70mn) loan portfolio, and reported a 9% decline in net income to JD2.1mn ($5.6mn). However, in...