August 11, 2022


Singularly Wondrous Business

Arab Jordan Investment Bank : AJIB) completes its acquisition of the National Bank of Kuwait (NBK) banking operations in Jordan

2 min read

Arab Jordan Investment Bank – AJIB declared that it had finished all the treatments for transferring the banking functions of National Bank of Kuwait – NBK in Jordan pursuing the near of business on Wednesday, May 25th, 2022.

The Chairman of the Board of Administrators of AJIB, Hani Al-Qadi, indicated that the course of action of attaining the banking functions of NBK Jordan went easily and was done in record time that did not just take more than three months from the day of signing the settlement with NBK to purchase its business in Jordan.

Al-Qadi welcomed former Nationwide Bank of Kuwait – Jordan buyers to Arab Jordan Expenditure Lender, stressing the bank’s dedication to deliver complete and advanced banking products and solutions and products and services that satisfy all their banking desires.

Al-Qadi even further spelled out that this acquisition falls inside of AJIB’s enlargement approach to develop its banking small business marketplace share in Jordan, which accelerated through the earlier 10 years, following the bank’s landmark acquisition of HSBC’s banking operations in Jordan in 2014, which was at the time the biggest overseas bank functioning in the Jordanian market. He defined that AJIB’s ability and experience in acquisitions and organization transfer methods, in addition to the bank’s strong economic placement, contributed to the good results of this acquisition, which will increase the bank’s place in the Jordanian banking sector.

It should really be pointed out that the former NBK Jordan shoppers will delight in comprehensive and modern products and services by way of an advanced suite of banking products and solutions and methods for retail, company, investment and private banking companies, as properly as an intensive community of branches, offices, and ATMs strategically found in major inhabitants facilities and industrial places around Jordan. AJIB also offers a extensive selection of the most innovative electronic banking services with exceptional characteristics that allow for prospects to manage their accounts securely and quickly and conduct various monetary transactions around the clock from anywhere and at any time by means of AJIB On the web or by way of the mobile software AJIB Cellular.

In addition, former NBK Jordan clients can now advantage from the banking expert services made available by AJIB internationally, by means of its department in Limassol – Cyprus which is certified to provide buyers and to perform banking operations inside or exterior Cyprus and the European Union. They can also get pleasure from the services available by Arab Jordan Financial commitment Lender – Qatar (L.L.C.), which serves as the bank’s focal point in Qatar and the GCC location, in addition to the expert services provided by Jordan International Bank (JIB), which is an affiliate financial institution of AJIB centered in London – United Kingdom and presents banking providers for personal consumers and businesses in or outside the house the United kingdom.