* Net interest income of commercial banks increased by 34.7%, to record 1.218 billion dinars during the first half of 2023
Ammon – The financial statements of the 12 Jordanian commercial banks showed an increase in credit interest revenues in the first six months of this year by 51.5%, to record 2.127 billion dinars, compared to 1.4 billion dinars for the same period of 2022.
Interest expenses owed to Jordanian commercial banks amounted to 909.5 million dinars in the first half of this year, compared to 500.3 million dinars, up by 81.8% over the same period last year.
Net interest income of Jordanian commercial banks increased by 34.7% in the first half of this year, to record 1.218 billion dinars.
As for the 3 Jordanian Islamic banks, their financial statements showed that they recorded revenues from deferred sales and revenues from leasehold assets amounting to 234.1 million dinars in the first half of this year, with a growth rate of 16.4% compared to the same period last year.
On the other hand, the expenses of Islamic banks accruing to unrestricted investment account holders amounted to 123.84 million dinars in the first six months of this year, an increase of 63% compared to the same period in 2022.
The financial statements of Jordanian banks listed on the Amman Stock Exchange showed that they achieved a record profit before tax of 815.9 million dinars in the first half of this year, so that the net profit of the sector after tax jumped by 29.3% to a record level of 557.5 million dinars.
During 2022, the Central Bank of Jordan raised interest rates 7 times, by 400 basis points on monetary policy tools and 425 basis points on the overnight deposit window.
During the current year, the Central Bank raised interest rates on all monetary policy tools 4 times, by 100 basis points, bringing the central bank’s main interest rate to 7.50%, the rediscount rate to 8.50%, and the overnight deposit rate to 7.25%.
Data from the Central Bank of Jordan showed the growth of credit facilities granted by licensed banks by 5.2% until the end of June 2023 compared to their value in June of last year. Dinar.
Deposits in Jordanian dinars with Jordanian banks grew by 1% in the first six months of this year to reach 42.5 billion dinars at the end of last June, according to data from the Central Bank of Jordan.