​​Arab Banking Corporation (Jordan) announced its financial results for the first half of 2013. The net profits before taxes was JD 8.8 million compared to JD 7.9 million for the same period last year, i.e. with an increase of 12%.

Mrs. Simona Sabella, General Manager & CEO of ABC Bank, states that "the positive results achieved by the Bank for the first half of 2013 reflect the continued growth of our customer base, as well as the diligent and hard work of the Bank's staff in order to enhance the banking experience for our customers".

Mrs. Sabella pointed out the policy pursued by the Bank, which aims to continue growing and implementing the strategic plan of increasing the market share of all business sectors, especially the retail sector, by working on the diversification of banking products and services and expand the customer base in line with what is new in the market, where the Bank, at the end of the previous year, opened two branches in each of Jerash and Marj Al Hamam, bringing the number of the Bank branches to 27 branches.
In terms of financial results, the total income during the first half of this current year reached JD 20.2 million compared to JD 19.3 million in the previous year, i.e. with an increase of 5%.

The Bank's assets increased to JD 880 million at the end of the first half of 2013 compared to JD 827 million at the end of the year 2012, which constitutes a growth rate of 6%.

The direct credit facilities portfolio increased during the first half by 5% to JD 486 million, as well as the qualitative improvement that accompanied this increase.

In terms of customer deposits, such have significantly increased reaching JD 540 million, i.e. with an increase of 12%.
It should be noted that these results are still preliminary, and are subject to the approval of the Central Bank.