Cairo Amman Bank was established in 1960 when Egypt’s Banque du Caire converted its branch in Amman to a public shareholding company. The bank operates in Jordan and Palestine with Jordan being its primary market. In 2013 about 82% of Cairo Amman Bank’s pre-tax income originated from its operations in Jordan. The bank is also one of Jordan’s most well-known mid-sized...
Established in 1960 in Jordan, the Bank of Jordan (BOJX) has evolved into a key player in the Jordanian banking sector. The bank is a medium-sized institution with 67 branches in Jordan, 14 in Palestine, and a subsidiary in Syria.
Arab Bank was founded in 1930 in Jerusalem and was the first private banking institution in the Arab world. In 1948 the bank moved its headquarters to Amman after the start of the Arab-Israeli conflict, where it was officially incorporated as a public shareholding company. In 1978 the bank was the first company to be listed on the Amman Stock Exchange (ASE). With a sound...
Al Eqbal Investment Company, formerly known as the International Tobacco and Cigarettes Company (ITCC), was established in 1992 as a public shareholding company focusing on the production and distribution of tobacco products. In 1998 ITCC signed an agreement with Phillip Morris International to locally produce and market L&M cigarettes and...
Global banks have played a prominent role in the Middle East for decades, particularly in areas such as project finance where their vast capital and depth of experience grant them a competitive edge. Although regional players have grown considerably in capacity – especially in the retail segment – a closer look at the structured lending being directed towards various...
Over the past year, Jordan’s local banking sector has shown a robust performance, with aggregate lending on the rise and net profits generally maintained across the board. Improvements in asset quality indicators suggest that the industry has turned a corner regarding the troublesome loans that have persisted since the global financial crisis, and a relatively upbeat...
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