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.
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.
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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