By the end of 2015, the Housing Bank achieved net income before tax in an amount of 177 million JDs, compared with 162.1 million JDs in the previous year; an increase of 9.2%.Net income after tax reached 124.7 million JDs compared to 123.9 million JDs in 2014; an increase of 800 thousand dinars. The reason behind the limited increase in income after tax was mainly due to the increase in the income tax rate from 30% in 2014 to 35% starting 2015.

Commenting on these results, Dr. Michel Marto, Chairman of the Board, explained that the results were due to the Bank's successful business strategy and prudent policies, and adopting industry standards in accordance with the latest developments and practices. Total assets of the bank increased by 4.3% to reach 7.9 Billion JDs at the end of 2015 compared with the end of 2014. In addition, customer deposits increased by 6.4% to reach 5.8 Billion JDs; and credit facilities portfolio (net) increased by 28.6% to reach 3.5 Billion JDs.

The results positively reflected on a number of key performance indicators in a way that enhanced the Bank's solvency and strengthened its capital base, and boosted the solidity and quality of its credit and investments portfolios especially during the difficult economic circumstances. The capital adequacy ratio stood at 17%, while the liquidity ratio reached 147% which is more that the levels required by the Central Bank of Jordan. The return on assets (ROA) before tax increased from 2.2% in 2014 to 2.3% in 2015, and the return on equity (ROE) before tax increased from 15.5% to 17%. Furthermore, non-performing loans (NPLs) declined to 4.8% and provision coverage for non-performing loans increased to 112% up from 107% in 2014, in addition the ratio of total net loans to customer deposits reached 60%.

With regards to internal and external expansion, the Housing Bank ensured continued improvement of its services through the promotion of various distribution channels, as the number of branches operating in the Kingdom reached 126 supported by 214 ATMs, hence the bank kept its position as the no.1 bank in Jordan in terms of the number of branches and ATM machines. It is noteworthy in this regard that the Housing Bank has a network of domestic and international branches, amounting to 178 branches in Jordan, Syria, Algeria, Britain, Palestine and Bahrain, as well as representative offices in Iraq and United Arab Emirates and Libya, noting that overseas branches and subsidiaries achieved good results taking into consideration the prevailing conditions in those regions.

In recognition of its efforts and achievements during 2015, the Housing Bank has won several local, regional and international awards, including The Banker magazine award for Best Bank in Jordan in 2015. 

Based on these results, the Board of Directors has approved at their general assembly meeting on 01.28.2016 dividend distributions to shareholders for the year 2015 equivalent to 32% of the nominal value of shares. (Noting that these results are preliminary and not yet approved by the Central Bank of Jordan).