Mubasher: Safwa Islamic Bank (SIBK), listed on the Amman Stock Exchange (ASE), reported 33.33% year-on-year increase in its net profits in the third quarter of 2018.
The bank’s profits reached JOD 2.04 million ($2.88 million) between July and September 2018, up from JOD 1.53 million ($2.16 million) last year, the bank said in a statement on Tuesday.
The bank also achieved a 26.7% year-on-year increase in total mutual investment income to JOD 15.95 million in Q3-18 from JOD 12.59 million, SIBK said.
From January to September, SIBK’s profit rose to JOD 6.06 million, versus JOD 4.13 million in the same period a year ago.
As of the first half of 2018, the bank's profit rose to JOD 4.01 million, compared to JOD 2.6 million in the first half of last year.
