Palestinians trust putting their money in Jordanian banks

Another vote of confidence for the Palestinian economy:

Data released on Sunday by the Association of Palestinian Banks show that Jordanian banks operating in Palestine have acquired, during the past year, about half of the Palestinian banking sector's deposits, facilities and profits, Anadolu news agency reported.

According to the agency, the data reveal that customer deposits at Jordanian banks operating in the occupied Palestinian territories at the end of last year amounted to about $4.84 billion out of a total of $9.05 billion, a ratio of 53.6 per cent.

These figures are considered the latest data that compare the performance of Jordanian banks operating in Palestine to the Palestinian banking sector in general.

The data show that Jordanian banks operating in Palestine earned a profit estimated at $84 million last year, an increase of 16.6 per cent compared to 2012. This profit represents 58 per cent of the total profit of banks operating in Palestine, about $143 million.

There are 17 local and foreign banks operating in Palestine, including both the West Bank and the Gaza Strip, of which seven are local banks, including two Islamic banks and five commercial banks, in addition to 10 foreign banks, eight of which are Jordanian, in addition to one British and one Egyptian.

You just know the Islamic banks' main customer is Hamas.