Tuesday 30, January 2018 by Jessica Combes

Bank of Jordan receives licence from CBB

 

The Central Bank of Bahrain (CBB) has granted a wholesale bank (branch) licence to Bank of Jordan to operate in Kingdom of Bahrain. 

Ahmed Abdulaziz Al-Bassam, Director of Licensing said the Central Bank of Bahrain welcomes the Bank of Jordan’s decision to open a wholesale bank (branch) in Bahrain for its unique position as a financial hub in the region. He added that Bank of Jordan existence in Bahrain shall positively reflect on the bank business and will help in strengthening the commercial and financial relationship between the Kingdom of Bahrain and Kingdom of Jordan. 

Bank of Jordan was established in 1960 as a public shareholding limited company with headquarters in Amman, Jordan. It is regulated by Central Bank of Jordan as a commercial bank and is listed on Amman stock exchange. 

“We chose Bahrain as our first regional hub due to its pre-eminent history as being the center for banking and recognizing that Central Bank of Bahrain has the distinction of being known as the most respected regulator in the GCC region.  Bahrain is also strategically located in GCC region and this gives us the opportunity to expand our wholesale banking activity and relationships with the regional banks and corporates,” said Shaker Tawfiq Fakhouri, Chairman of the Board of Bank of Jordan.

  

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