BOJ reports six percent net profit drop for 2003
The Bank of Jordan (BOJ) posted a net income of 7.55 million Jordanian dinars ($10 million) for 2003, a decrease of six percent compared to the previous year, reported Jordan Investment & Finance Bank.
BOJ's Board of Directors will recommend distributing JD 4.74 million in stock dividends and JD 3.65 million in cash dividends, which is equal to 10 percent of the bank's paid-up capital.
Founded in 1960, BOJ is fully owned by the private sector. The bank’s head offices are located in Amman and Ramallah in the Palestinian Authority. The Bank offers its services through a network of 70 branches, 65 of which are located in Jordan with the remaining five situated in Palestinian cities. — (menareport.com)
© 2004 Mena Report (www.menareport.com)