Jordan’s Housing Bank First-Half Profit Rises as Assets Decline

Housing Bank for Trade and Finance (THBK) said profit rose 11 percent during the first half of 2011 to 54.3 million dinars ($76.6 million), from 48.8 million dinars a year earlier.

The bank’s assets dropped to 6.629 billion dinars in the period, from 6.679 billion dinars at the end of 2010, it said in a filing posted on the website of Amman Stock Exchange.

To contact the reporters on this story: Mohammad Tayseer through the Amman newsroom at nrazzouk2@bloomberg.net.

To contact the reporter on this story: Nayla Razzouk in Amman at nrazzouk2@bloomberg.net

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