The National Bank of Abu Dhabi to Join Jordan's banking sector

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Home Business The National Bank of Abu Dhabi to Join Jordan's banking sector 18-01-2010 12:00 AM Ammon News - AMMAN - The National Bank of Abu Dhabi (NBAD) concluded preparations to join Jordan's banking sector as of February 7, a source from the Central Bank of Jordan (CBJ) told Petra. The CBJ had earlier granted a foreign bank licence to NBAD, to set up a subsidiary with a minimum capital of JD50 million as stipulated by Jordan's banking regulations. The UAE's biggest bank by market value is the tenth foreign bank licensed to operate, competing with 15 local banks already trading. (Petra)

Home Business

The National Bank of Abu Dhabi to Join Jordan's banking sector

18-01-2010 12:00 AM

Ammon News - AMMAN - The National Bank of Abu Dhabi (NBAD) concluded preparations to join Jordan's banking sector as of February 7, a source from the Central Bank of Jordan (CBJ) told Petra.

The CBJ had earlier granted a foreign bank licence to NBAD, to set up a subsidiary with a minimum capital of JD50 million as stipulated by Jordan's banking regulations.

The UAE's biggest bank by market value is the tenth foreign bank licensed to operate, competing with 15 local banks already trading.

(Petra)

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