Al-Salem: Results Reflect the Strength of Our Strategic Approach and Commitment to Sustainable Growth

Capital Bank Group announced a net profit of JOD 50 million after taxes and provisions for the first quarter of 2025. Bassem Khalil Al-Salem, Chairman of Capital Bank Group, said the Group’s strong financial performance in Q1 reflects the resilience of its strategic approach and its ability to achieve sustainable growth, despite ongoing geopolitical tensions and economic fluctuations regionally and globally.

Al-Salem noted that the Group’s total assets stood at JOD 8.2 billion at the end of the first quarter, while direct credit facilities grew by 2.2% to reach JOD 3.5 billion. This growth reinforces Capital Bank’s ongoing commitment to supporting the national economy through financing for individuals and businesses. Customer deposits reached approximately JOD 5.9 billion by the end of the quarter.

He added that these results reflect investors and shareholders’ confidence in the bank’s strategy and prudent leadership. He emphasized the Group’s determination to further strengthen its leading position in both local and regional markets by maintaining strong performance and advancing initiatives focused on sustainability, innovation, and good governance.

Tamer Ghazaleh, CEO of Capital Bank, stated that the results of the first quarter confirm the Group’s robust operational strategy and the strength of its core foundations. He emphasized that the Bank’s performance during the quarter demonstrates its agility in navigating challenges and its ability to strike a smart balance between growth and risk management.

Ghazaleh highlighted a 13% year-over-year increase in net interest income, which rose to JOD 60 million from JOD 52.7 million in Q1 2024. This growth reflects the Bank’s success in improving profitability and optimizing asset management. He also noted a 4.4% increase in total shareholders’ equity, which reached JOD 756.5 million, up from JOD 724.6 million at the end of 2024. The Group continued allocating credit provisions in line with its prudent credit policies and as a proactive measure against potential economic shifts, in accordance with its sustainable growth strategy.

Ayman Abu Dhaim, CEO of the National Bank of Iraq, affirmed the bank’s continued strong financial performance in the Iraqi market. He emphasized the bank’s commitment to delivering high-quality, innovative banking services to both individuals and businesses.