AMMAN Feb 12 Jordan Islamic Bank,, a
subsidiary of Bahrain-based Al Baraka Banking Corp,
reported on Tuesday a 29 percent rise in net profits to 36.5
million dinars ($51 million) last year, helped by healthy growth
in Islamic banking services.
The bank's total assets were up 4.2 percent on a year ago at
3 billion dinars at the end of 2012 dinars, the bank said in a
bourse statement. Operational income rose 22.8 percent to 96.1
Jordan Islamic Bank is the largest and oldest of the four
Islamic banks operating in Jordan, in a market where altogether
24 commercial banks compete.
(Reporting by Suleiman Al-Khalidi; Editing by Greg Mahlich)