AJIB acquires NBK-Jordan

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Home Business AJIB acquires NBK-Jordan 17-02-2022 05:39 PM Ammon News - The Arab Jordan Investment Bank (AJIB) announced Thursday that it had acquired the Jordan branch of the National Bank of Kuwait (NBK-Jordan) under a deal whose value was not immediately made public. This is the second acquisition to be announced Thursday following Capital Bank's takeover of Societe Generale Bank - Jordan (SGBJ). In a statement, AJIB said that under the deal, which was endorsed by the Central Bank of Jordan, it will acquire the entire assets and liabilities of NBK-Jordan, including deposit and loan accounts of the latter's clients. The acquisition is expected to be completed within the next few months, the bank said.

Home Business

AJIB acquires NBK-Jordan

17-02-2022 05:39 PM

Ammon News - The Arab Jordan Investment Bank (AJIB) announced Thursday that it had acquired the Jordan branch of the National Bank of Kuwait (NBK-Jordan) under a deal whose value was not immediately made public.

This is the second acquisition to be announced Thursday following Capital Bank's takeover of Societe Generale Bank - Jordan (SGBJ).

In a statement, AJIB said that under the deal, which was endorsed by the Central Bank of Jordan, it will acquire the entire assets and liabilities of NBK-Jordan, including deposit and loan accounts of the latter's clients. The acquisition is expected to be completed within the next few months, the bank said.

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