Jordan Islamic Bank posts nine percent rise in first-quarter profit

May 6, 2015 4:26 PM

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AMMAN May 6 (Reuters) - Jordan Islamic Bank,, a subsidiary of Bahrain-based Al Baraka Banking Corp, reported on Wednesday a nine percent rise in first-quarter net profit to 11.4 million dinars ($16 million) compared to the same level last year.

The bank, the oldest of the four Islamic banks operating in Jordan and the largest in terms of assets, said the results reflected steady growth in Islamic banking services.

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