S&P Affirms the Credit Ratings of Jordan Islamic bank.

Stabilized Standard & Poor’s Global Ratings (Paris) affirmed its "B+" long-term and "B" short-term counterparty credit ratings on Jordan Islamic Bank and a stable outlook (stable), also assessed JIB’s Stand – Alone Credit Profile (SACP) at "bb"-. The Standard & Poor's report showed that the credit ratings of Jordan Islamic Bank had been fixed and stable In accordance with the Global Classification Methodology applied by the Agency to all institutions that classifies it as the bank enjoys a leading local position in its leadership of Islamic banking and the strength of its market share Where the Jordan Islamic bank is considered the largest Islamic financial institution in Jordan and the country’s third – largest bank, it Has a strong asset quality, high credit efficiency and flexibility in dealing with the economic challenges in Jordan .It has a strong financing base and the Bank has a broad and diversified customer base and sufficient liquidity and sound profitability levels, with a capital adequacy ratio 23%, which is higher than the minimum Which was set by the Central Bank of Jordan which is 12%. And about this classification, Dr. Hussein Said, Chief Executive Officer / General Manager of Jordan Islamic bank, said that” Re-stabilizing Standard & Poor's rating of our bank's credit ratings confirms our bank's ability to implement its strategy in the face of various challenges and maintain the achievements achieved with the continuation of the pursuit of further achievements Which enhances the role of our bank in the local banking market in various financial, credit and economic indicators, which gave a strong impetus to continue and to make more efforts to improve the financial and credit performance of our bank.