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 62 branches and offices distributed throughout Jordan in addition to four 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]
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.
In 2018, it acquired 10% of Al Quds Bank. Following the deal, the Jordan Kuwait Bank's branches in Palestine were merged with Al Quds Bank.[2]
^"Jordan Kuwait Bank acquires 10% of Al Quds Bank and merges its branches in Palestine with Al Quds Bank | Jordan Kuwait Bank". www.jkb.com. Retrieved 2022-05-24.
jordan, kuwait, bank, jordanian, public, shareholding, company, founded, 1976, successfully, evolved, into, major, player, jordanian, banking, system, over, last, years, bank, currently, operates, domestic, network, branches, offices, distributed, throughout, . 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 62 branches and offices distributed throughout Jordan in addition to four 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 Jordan Kuwait BankIndustryFinanceFoundedOctober 25 1976HeadquartersAmman JordanKey peopleNasser A Lozi ChairmanProductsFinancial servicesRevenue US 85 mm 2006Number of employees947Websitehttp www jkb com Related organizations EditJordan Kuwait Bank holds a controlling shares of more than 50 in the United Financial Investments Company Jordan and a10 stake in Gulf Bank Algeria In 2018 it acquired 10 of Al Quds Bank Following the deal the Jordan Kuwait Bank s branches in Palestine were merged with Al Quds Bank 2 References Edit Jordan Kuwait Bank Jordan Kuwait Bank acquires 10 of Al Quds Bank and merges its branches in Palestine with Al Quds Bank Jordan Kuwait Bank www jkb com Retrieved 2022 05 24 External links Edit Banks portalJordan Kuwait Bank in Arabic and English This Jordan related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Jordan Kuwait Bank amp oldid 1093797769, wikipedia, wiki, book, books, library,
