Jordan's Housing Bank posts $172.4m profit in 9 months

Jordan's Housing Bank for Trade and Finance , about 19 percent of which is Kuwaiti-owned, has realized USD 172.4 million in profit during the first nine months of the year, it announced on Saturday.
This marks a rise of 11 percent compared to profit worth USD 155.4 million the same period last year, according to data revealed by the Bank.
Post-tax profit for the period January-September 2014 reached USD 127.2 million, a 14.5 percent decrease compared to USD 111.1 percent in the first nine months of 2013.
Bank assets rose to USD 10.6 billion by the end of the third quarter 2014, four percent up from the same period last year.
The Bank has some 173 local and international branches.
Kuwait Real Estate Investment Consortium owns 18.67 percent share of the bank, making it the second biggest non-Jordanian shareholder.