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Invest Bank (INVB)

Currency in JOD
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Quickly burning through cash
High dividend Yield
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52 wk Range
1.47 / 1.49
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Trading at a low P/E ratio relative to near-term earnings growth

Invest Bank Company Profile

Invest Bank provides various banking and related financial services in Jordan. It provides personal banking services comprising current and saving accounts, and time deposits; personal, mortgage/housing, under construction, land financing, equity release, auto, and cash-to-cash loans; and credit cards. The company also offers corporate banking services, such as overdraft accounts, decreasing loans accounts, discounted promissory notes, bonded services, bridging and amortized loans, syndicated loans, and other services; treasury services; letters of credit; guarantees; and revolving loans, discounted promissory notes, structured trade finance solutions, and liquidity and cash management products and solutions. In addition, it provides factoring, brokerage, supply chain finance, and financial leasing services; and mobile and internet banking services, as well as engages in the management and operation of bonded warehouses. The company was formerly known as Jordan Investment & Finance Bank and changed its name to Invest Bank in April 2009. Invest Bank was incorporated in 1982 and is headquartered in Amman, Jordan.

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