Revenue ~ US$85 mm 2006 Founded 25 October 1976 Number of employees 947 | Products Financial Services Motto More than just a bank Parent organization KIPCO | |
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Key people Abdul Karim al-Kabariti, Chairman Profiles | ||
Jordan kuwait bank on jordan banking sector
Jordan Kuwait Bank, a Jordanian public shareholding company, was founded in 1976 and has successfully evolved into a major player in the Jordanian banking system over the last few years. The bank currently operates a domestic network of 52 branches and offices distributed throughout Jordan in addition to two branches in Palestine and a branch (IBU) in Cyprus. The bank’s paid-up capital was gradually increased from JD 5 million in 1976 to JD 100 million (USD 141m) in 2008. According to the bank's website, its philosophy rests on the concept of bringing capital into Jordan from other Arab countries, especially Kuwait.[1]
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Related organizations
Jordan Kuwait Bank holds a controlling shares of more than 50% in the United Financial Investments Company (Jordan) and a10% stake in Gulf Bank Algeria.