Jordan Kuwait Bank (JKB) announced its financial results for the first quarter of 2024, with the Chairperson of the Board of Directors, Sheikha Dana Al-Sabah, noting: “We are pleased to announce these record results, with net profits reaching JOD 49.8 million, a 79.9% increase compared to the same period last year. These results demonstrate the success of the group’s strategic policies despite the geopolitical repercussions and their effects on economic indicators. These achievements are supported by a strong financial position."
“JKB Group successfully maintained profit growth during the first quarter of 2024 as a result of implementing our planned strategies,” commented JKB’s CEO, Haethum Buttihki, highlighting key financial indicators that demonstrate the bank’s stellar performance during this period. JKB’s total assets exceeded JOD 5.209 billion, while shareholders’ equity amounted to JOD 778 million. The return on equity reached nearly 26.5%, and the capital adequacy ratio stood at 20.8%, confirming the financial strength of the group and its capacity to respond to any circumstances and challenges. Buttihki further emphasized that “JKB Group will continue to strive for growth and innovation in the services we provide to all customers, and we will persist in our efforts to support all business sectors.”
Sheikha Dana Al-Sabah expressed her sincere gratitude to all customers and shareholders for their trust. She also thanked the regulatory authorities in Jordan, Iraq, and Cyprus for their continued support, and recognized the members of the Board of Directors, the executive management, and all employees for their outstanding performance, extending congratulations to everyone on these results.
