The Housing Bank for Trade and Finance (HBTF) recorded its highest-ever annual net profit in 2024, reporting earnings of JD 150.3 million — a 6.7 per cent increase on the prior year. The results were published on the bank's website.
The board of directors has recommended a cash dividend equivalent to 30 per cent of the nominal share value, subject to the approval of the Central Bank of Jordan.
BALANCE SHEET
Net credit facilities reached JD 4.5 billion at year-end, while customer deposits stood at JD 6.0 billion.
Total equity closed at JD 1.4 billion, and the capital adequacy ratio was 18.6 per cent.
Return on equity came in at 11.3 per cent and return on assets at 1.7 per cent for the full year.
DIVIDEND PROPOSAL AWAITS CENTRAL BANK APPROVAL
Under Jordanian banking regulations, any dividend distribution from a licensed bank requires the Central Bank of Jordan to review and formally approve the proposal before any payment is made to shareholders.
Chief Executive Ammar Al-Safadi said the results were the highest in the bank's history.