The Industrial Development Bank of Jordan, one of the top ten financial institutions in the country, posted a loss of $12.8 million for the year 2000, AME-Info reported.
The bank blamed slow business activity and unpaid debts to small and medium-sized enterprises for the loses.
The state-run bank saw its loan portfolio fall by 14 percent to $186.3 million, while its shareholder equity dropped by 22.3 percent to $51.4 million, said the news service – Albawaba.com
