Jordan Kuwait Bank
IndustryFinance
FoundedOctober 25, 1976
HeadquartersAmman, Jordan
Key people
Nasser A. Lozi, Chairman
ProductsFinancial services
Revenue~ US$85 mm 2006
Number of employees
947
Websitehttp://www.jkb.com/

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]

References

  1. ↑ Jordan Kuwait 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.
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