Mubasher: Jordan Kuwait Bank announced achieving JOD 7.8 million ($10.9 million) in profits in the second quarter of 2016, according to a bourse filing.
The bank’s Q2-16 profits retreated 29.7% year-on-year, while profits in the first half of the year were down 23.7%.
Profits in H1-16 totalled JOD 15.8 million ($22.2 million), compared to JOD 20.7 million ($29.1 million) in the first half of 2015.
In 2015, the bank profits also declined 15.71% to JOD 39.4 million, from JOD 46.7 million achieved in the year 2014.
