AMMAN — The
Arab Jordan Investment Bank (AJIB) has
successfully completed all necessary procedures to transfer its banking
operations to Standard Chartered bank and its branches in the Kingdom. AJIB
released a statement on Sunday revealing that the acquisition process was carried
out seamlessly in under 5 months.
اضافة اعلان
This move grants
Standard Chartered customers in Jordan a
variety of advanced banking solutions and electronic products offered by AJIB.
In addition, they can benefit from investment and private banking services, a
large network of branches and ATMs, the presence of the bank in Cyprus, Qatar,
and the United Kingdom, and brokerage and financial leasing services provided
by AJIB's subsidiaries, Jordan News Agency, Petra reported.
AJIB chairman Hani Al-Qadi added that they have a strong
track record in acquisitions, with the most recent being the acquisition of the
banking operations of
National Bank of Kuwait - Jordan last year. This was
preceded by the acquisition of the banking operations of
HSBC Bank in Jordan in
2014, which was the largest foreign bank in the Kingdom at that time.
The CEO of Standard Chartered Africa and Middle East, Sunil
Kaushal affirmed that Standard Chartered will continue to function as a bridge
for international capital flows to the Jordanian market.
Read more National news
Jordan News
.jpg)
.jpg)
