Capital Bank (Jordan)

Capital Bank

Company type| Private

Traded as

| Capital Bank
Founded| 1995
Headquarters| Amman, Jordan

Area served

| Jordan, Iraq, KSA, UAE
Products| Retail and Individual Banking products and solutions
Revenue| JOD 346.9 million

Net income

| JOD 106.6 million
Total assets| JOD 7.6 billion
Total equity| JOD 728 million

Number of employees

| 2,400
Subsidiaries| National Bank of Iraq (NBI), Capital Invest, Blink
Website| Capitalbank.jo

The Capital Bank of Jordan (CBoJ) commonly known as Capital Bank, is a private sector bank operating in Jordan and Iraq. Established in 1995 as Export & Finance Bank,[1] the bank sells a range of products and services across retail and corporate banking divisions. It is described by independent experts as "a boutique bank focused on corporate clients", and has a separate division for SME lending.[2] Capital Bank owns a majority share (62%) in the National Bank of Iraq (NBI). [3]

As of September 2016 the bank had JOD1,964mn (USD2.77 billion) of consolidated assets and total capital of JOD329mn (USD463mn)[1]

In 2021, Capital Bank Group acquired Bank Audi’s operations in both Jordan and Iraq,[4] and in February 2022, Capital Bank acquired Societe Generale Bank Jordan.[5]

In February 2022, Capital Bank also Launched Blink which is a Digital Neo Bank.[6]

In June 2022, Capital Bank raised its capital by issuing new shares in favor of the Public Investment Fund (PIF) as a strategic investor in Capital Bank with a 23.97% stake[7]

## References

[edit]

1. ^ a b "Capital Bank of Jordan - Ratings Affirmed Outlook for the FSR changed to Negative". Middle East North Africa Financial Network. Retrieved 21 March 2017.
2. ^ The Report: Jordan 2012. Oxford Business Group. 2012. pp. 45–. ISBN 978-1-907065-61-3.
3. ^ ""We're the only Jordanian bank with an established presence in Iraq"". The Business Report. Retrieved 14 November 2018.
4. ^ Release, Press. "Capital Bank Group finalizes acquisition of Bank Audi in Jordan and Iraq". www.zawya.com. Retrieved 2024-02-20.
5. ^ Al-Khalidi, Suleiman (February 17, 2022). "Jordan's Capital Bank acquires Societe Generale Bank Jordan" - via www.reuters.com.
6. ^ "Capital Bank of Jordan and Codebase Technologies launch neobank Blink". thepaypers.com. Retrieved 2022-02-28.
7. ^ "Saudi PIF buys 23.97% stake in Jordan's Capital Bank Group". Reuters. June 5, 2022. Retrieved February 20, 2024.

## External links

[edit]

* Banks portal

* Official website

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