Amman: The General Assembly of the Housing Bank for Trade and Finance has approved the Board of Directors’ recommendation to distribute a 30% cash dividend of the nominal share value to shareholders for the year 2024. This decision was made during the bank’s annual electronic meeting, chaired by Board Chairman Abdulilah Al-Khatib.
According to Jordan News Agency, the Assembly also ratified the Board of Directors’ and auditors’ reports for 2024, in addition to approving the bank’s future plan for 2025. Al-Khatib highlighted that despite significant geopolitical developments in 2024, which pressured both the global and regional economies, the Housing Bank Group showed improved performance. The group achieved net profits after tax and provisions of JD150.3 million in 2024, showing a growth rate of 6.7% from JD140.8 million in 2023. Total assets increased by 6.3% to JD9.2 billion at the end of 2024, representing 11.9% of the total assets in the Jordanian banking sector.
Customer deposits rose to JD6 billion by the end of 2024 from JD5.7 billion in 2023. The gross balance of direct credit facilities increased to JD5.1 billion, representing a 10.9% market share of total credit facilities in the sector. Additionally, shareholders’ equity grew by 5.7% to JD1.4 billion.
The bank maintained a capital adequacy ratio of 18.6% and a liquidity ratio of 128.2%, both exceeding the regulatory minimums set by the Central Bank of Jordan and Basel Committee standards. Al-Khatib emphasized the bank’s key achievements in 2024, including the introduction of new banking products and solutions, a branch renewal plan, and the ongoing digital transformation strategy. He also mentioned agreements to finance major infrastructure projects, such as the development of infrastructure and distribution networks for industrial clusters with Tanmia Natural Gas Company.
Moreover, the bank launched the “Imkan by Iskan” program, which aligns with its corporate social responsibility strategy, supporting development and community initiatives. Al-Khatib acknowledged the efforts of the Central Bank of Jordan and other official institutions for their support in stimulating economic growth and providing necessary regulatory frameworks.