Financial statement of Jordan Mortgage Refinance Co Ltd stated that the company’s profits declined by 16% to JOD 470 thousand during the first half of 2014 compared to JOD 557 thousand in the first half of 2013.

In the second quarter of 2014, the profits declined also by 17.44% hitting JOD 229.11 thousand against JOD 277.52 thousand in the second quarter of 2013.

It is worth mentioning that the company’s assets increased by 8% to JOD 130 million as a result of the increase in mortgage refinance loans which reached JOD 118 million.