Rahul Sharma (Editor)

Jordan Kuwait Bank

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Industry
  
Finance

Revenue
  
~ US$85 mm 2006

Founded
  
25 October 1976

Number of employees
  
947

Products
  
Financial Services

Headquarters
  
Amman, Jordan

Motto
  
More than just a bank

Parent organization
  
KIPCO

Jordan Kuwait Bank httpsuploadwikimediaorgwikipediaenthumba

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]

Contents

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.

References

Jordan Kuwait Bank Wikipedia