Jordan Kuwait Bank
Encyclopedia
Jordan Kuwait Bank, a Jordan
ian public shareholding company, was founded in 1976 and has successfully evolved in to a major player in the Jordanian banking system over the last few years. The bank currently operates a domestic network of 52 branch
es and offices distributed throughout Jordan in addition to two 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
.http://www.jordan-kuwait-bank.com/en/about_success.html
of more than 50% in the United Financial Investments (Jordan) and a10% stake in Algeria Gulf Bank(Algeria).
Jordan
Jordan , officially the Hashemite Kingdom of Jordan , Al-Mamlaka al-Urduniyya al-Hashemiyya) is a kingdom on the East Bank of the River Jordan. The country borders Saudi Arabia to the east and south-east, Iraq to the north-east, Syria to the north and the West Bank and Israel to the west, sharing...
ian public shareholding company, was founded in 1976 and has successfully evolved in to a major player in the Jordanian banking system over the last few years. The bank currently operates a domestic network of 52 branch
Branch (banking)
A branch, banking center or financial center is a retail location where a bank, credit union, or other financial institution offers a wide array of face-to-face and automated services to its customers....
es and offices distributed throughout Jordan in addition to two branches in Palestine
Palestine
Palestine is a conventional name, among others, used to describe the geographic region between the Mediterranean Sea and the Jordan River, and various adjoining lands....
and a branch (IBU) in Cyprus
Cyprus
Cyprus , officially the Republic of Cyprus , is a Eurasian island country, member of the European Union, in the Eastern Mediterranean, east of Greece, south of Turkey, west of Syria and north of Egypt. It is the third largest island in the Mediterranean Sea.The earliest known human activity on the...
. 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
Financial capital
Financial capital can refer to money used by entrepreneurs and businesses to buy what they need to make their products or provide their services or to that sector of the economy based on its operation, i.e. retail, corporate, investment banking, etc....
into Jordan from other Arab countries, especially Kuwait
Kuwait
The State of Kuwait is a sovereign Arab state situated in the north-east of the Arabian Peninsula in Western Asia. It is bordered by Saudi Arabia to the south at Khafji, and Iraq to the north at Basra. It lies on the north-western shore of the Persian Gulf. The name Kuwait is derived from the...
.http://www.jordan-kuwait-bank.com/en/about_success.html
Related organizations
Jordan Kuwait Bank holds a controlling sharesStock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
of more than 50% in the United Financial Investments (Jordan) and a10% stake in Algeria Gulf Bank(Algeria).