The Housing Bank for Trade and
Finance Group announced its financial results for the first nine months of
2026, reporting net profits of after tax JOD 120 million, compared to
JOD 119 million for the same period of 2025.
Commenting on the results,
Chairman of the Board, Abdel Elah Al-Khatib, highlighted the group’s ability to
sustain growth amid the challenges facing the global and regional economies. He
attributed this performance to the group’s strategic approach, which aligns
with global best practices across its various business lines.
He also noted
that the results reflect the group’s progress in implementing its development
plans and its ability to adapt with flexibility to changing economic
conditions.
The Group’s CEO, Ammar Al-Safadi,
noted that the group’s performance during the first nine months of the year
reflected positive contributions across its key financial indicators and
operational sectors.
He highlighted the group’s ongoing progress toward
sustainable growth, supported by strong performance across its core business
lines and their consistent achievement of financial targets.
Al-Safadi added that the group
continued generating sustainable profits while maintaining asset quality and a
strong financial position.
This performance reflects a disciplined approach to
balancing growth and profitability, supported by prudent policies that
strengthen risk management and improve operational efficiency.reviewing the group’s key financial indicators for the period, Al-Safadi
highlighted growth in net direct credit facilities, which increased by 10.2% to
reach JOD 4.9 billion, and total customer deposits, which rose by 3.3% to reach
JOD 6.1 billion.
He also underscored the strength
of the group’s capital base, with total shareholders’ equity reaching JOD 1.5
billion and the capital adequacy ratio standing at 18.8%. This ratio remained
well above the minimum requirements set by the Central Bank of Jordan and the
Basel Committee.
Al-Safadi reaffirmed the group’s commitment
to developing innovative banking solutions and delivering high-quality services
through an agile, forward-looking operating model.
By enhancing its products,
services, and customer experience, the group aims to meet customers’ evolving
needs and reinforce its position as a leading banking institution in Jordan and
the wider region.
