Housing Bank Net Profits Increased to reach JD40.0 Million during the First Quarter of 2025 - Jordan News

28-04-2025

Housing Bank Net Profits Increased to reach JD40.0 Million during the First Quarter of 2025 The Housing Bank for Trade and Finance (HBTF) Group announced the financial results for the first quarter of 2025, reporting a net profit of JD 40.0 million after provisions and taxes, with an increase of 4.1% compared to the same period last year. اضافة اعلان Commenting on these financial results, Abdel Elah Al-Khatib, Chairman of the Board of Directors, indicated that the strong financial performance emphasizes the Bank's solid financial position. He noted that the results reflect the success of the Group's strategic direction, comprehensive vision, and integrated capabilities. Al-Khatib further added that these results affirm the Bank's efficiency and prudent resource management, ensuring optimal returns for our shareholders. Meanwhile, Ammar Al-Safadi, Chief Executive Officer of HBTF Group, uncovered the key financial indicators for the first quarter, which reflect the strength and efficiency of the Bank's operational sectors and the continued achievement of its targeted growth. Al-Safadi elaborated that this positive performance is a continuation of the Bank's success story and reflects the soundness of its financial position. It showcases the Group's ability to remain resilient and flexible amid evolving economic conditions and challenges. Al-Safadi further noted that the Bank's performance is in line with its strategic plans, reinforcing its leading position in the banking sector and affirming its commitment to sustainable growth. He added that the return to shareholders' equity increased to 11.6% in Q1-2025, while the return on average assets increased to 1.7%, highlighting the Bank's operational efficiency and effective management of assets and liabilities. The Group recorded robust growth in net credit facilities, which increased by 5.2% since the beginning of the year to reach JD4.8 billion by the end of Q1. This growth positively contributed to the Bank's total income, operating profit, and market share. In terms of funding, customer deposits grew in Q1 to reach JD6.0 billion. The Bank also maintained a solid capital base, with total equity reaching JD1.4 billion and a capital adequacy ratio stood at 18.3%—well above the minimum regulatory requirements set by the Central Bank of Jordan and the Basel Committee. Looking ahead, Al-Safadi reaffirmed Housing Bank's commitment to delivering top-tier banking services, introducing advanced, user-friendly, and secure products and integrated banking solutions within a modern environment—a reflection of Housing Bank's legacy and leadership in the Jordanian banking market.

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