Jordan Ahli Bank boosted net profit by 113 per cent to 34 million dinars ($48 million) last year due to capital gains from divesting its Lebanese subsidiary to a Lebanese bank, bank officials said.

Net operating income, including interest and commissions, rose seven per cent to 102.4 million dinars in 2014 from 95.7 million the previous year, a bank official said, adding the results still need final Central Bank approval.

Bankers said Lebanon's Fransabank may have paid as much as $100 million.

Jordan Ahli Bank, whose income comes from retail, corporate and investment banking, also has a presence in Palestinian territories and Cyprus.

Its major shareholders are the Jordanian Muasher family. - Reuters