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Capital Bank (Jordan)
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
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