In 2016, the Housing Bank for Trade and Finance recorded pre-tax profit amounting to JOD190.3 million, compared to JOD177 million achieved the previous year, an increase of 7.5%. Net profit after tax amounted to JOD131 million, compared to JOD124.7 million in 2015, an increase of 5%.  

The Housing Bank Chairman Abdel Elah Al-Khatib said that at the board meeting held on Thursday, January 26, 2017, members discussed the bank's 2016 financial statements, which were ratified in preparation for them being sent to the Central Bank of Jordan for final approval. Al-Khatib added that the board expressed its satisfaction with the results, which were achieved in spite of the economic challenges resulting from the continued instability in the region. The board of directors has recommended to the General Assembly the distribution of a cash dividend of 30% of the nominal share value and a free share of 25% of the share capital.

Ihab Saadi, CEO of the Housing Bank, pointed out that the pre-tax profit, amounting to JOD190.3 million, is due to the bank’s successful business strategy and the executive management's ability to efficiently anticipate and respond to the changes in the market environment, as well as the continued support from the board of directors. The bank's total assets at the end of 2016 amounted to JOD7.8 billion, and customer deposit balances reached JOD5.6 billion. The bank's capital base was strengthened, with total shareholder equity amounting to JOD1060 million, a 2% increase. The total balance of the credit facilities portfolio rose to JOD4.3 billion, an increase of 14.2%.

Saadi added that these results positively reflect on the bank’s key performance indicators, confirming The Housing Bank's solvency and solid capital base. The capital adequacy ratio was 17.6% and the liquidity ratio was 124%, both higher than the rates required by the Central Bank of Jordan. The return-on-assets ratio was 1.7% compared with 1.6% the previous year, and the return on equity was 12.5% compared to 12% in 2015, while the ratio of non-performing loans decreased to 3.7%. Coverage ratio of non-performing debts increased to 120% against 112% in 2015.

It should be noted that these results are preliminary and subject to the approval of the Central Bank of Jordan.