AMMAN Feb 14 Jordan-Kuwait Bank said
on Thursday 2012 net profit rose 23 percent to 48.8 million
dinars ($69 mln) due to healthy growth in it's corporate and
The bank, majority owned by Kuwait's Burgan Bank,
said assets rose 6.1 percent in 2012 to 2.4 billion dinars.
"The results reflect the ability to deal with the current
conditions as it witnessed growth in direct and syndicated loans
to major corporates and governmental bodies along with continued
growth in retail business," Abdel Karim Kabariti, chairman of
the board of the bank, said in a statement.
Jordan-Kuwait Bank's total outstanding loan portfolio, which
includes credit to government bodies, rose 13.8 percent to 1.4
billion dinars at the end of 2012 against the same period in
(Reporting by Suleiman Al-Khalidi)