1999 Profits Decline At Jordanian Housing Bank
Jordans Housing Bank for Trade and Finance (HBTF) has announced a 31% decline in 1999 net profits to JD17.63mn ($24.83mn) from JD25.55mn ($35.98mn) the previous year. Pre-tax profits also fell to JD26.3mn ($37.04mn) from JD31.8mn ($44.78mn) in 1998. The banks deposit base, however, rose from JD1.0bn ($1.40bn) in 1998 to JD1.2bn ($1.69bn) in 1999, and its total assets increased 9.3% to JD1.5bn ($2.11bn).
In a report...