Bank of Jordan opens its first branch in Iraq
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11/01/2022 | 16:28 - Source: Bank of Jordan
(Today's Encyclopedia of News | [You must be registered and logged in to see this link.] ) - Shaker Fakhoury (Chairman of the Bank of Jordan): Our branching decision in Iraq comes as a translation of the bank's strategy to expand its business in the countries of the region
The Bank of Jordan announced the launch of its operations in Iraq with the opening of its first branch in Baghdad, after obtaining all the necessary licenses from the Central Bank of Jordan and the Central Bank of Iraq, and fulfilling all conditions and procedures related to launching its business in the Iraqi market.
The Chairman of the Board of Directors of Bank of Jordan, Shaker Fakhoury, said: “The decision to branch out in Iraq is a consolidation of our regional presence and a translation of the bank’s strategy that it has adopted to expand its business in the countries of the region, whose markets are witnessing remarkable growth and promising opportunities, which will reflect positively on the services provided to our current and future customers.
We also seek to develop Our banking system, a translation of the royal visions to increase investment, coordination and economic cooperation between the two countries, and to consolidate the strong economic and historical relations with Iraq.
Fakhoury added: We are launching today in Iraq to translate the Bank of Jordan’s long-standing career, which extends for more than 60 years in banking and financial work, and in a manner that reflects the success in implementing the bank’s aspiring vision to become the leading bank in the Arab region, and to expand its branch network to include the Iraqi market, which is one of the most important markets in the area.
Mr. Fakhoury also indicated that the bank is currently working on preparing its first branch in Riyadh, Saudi Arabia, after recently obtaining a license to practice banking in Saudi Arabia, stressing the bank's continued orientation for regional expansion towards countries whose markets are witnessing growth and development at the economic and investment levels.
On this occasion, Mr. Shaker Fakhoury appreciated the efforts of the Central Bank of Iraq in facilitating the opening of the Bank of Jordan branch in the capital, Baghdad.
He also thanked the Central Bank of Jordan for their trust and permanent support for the bank to implement its plans for branching and external expansion.
Fakhoury pointed out that this step reflects Bank of Jordan's commitment to designing its branch network in a way that enables it to achieve its vision and strategic directions and serve its broad customer base through its traditional channels, in addition to providing electronic and digital services to all its customers.
He pointed out that Mr. Jawdat Jawdat was appointed CEO of the Bank in Iraq, who has a long and extensive experience of more than twenty-seven years in banking. He held a number of important positions during his work with major local, regional and international banking institutions.
The Baghdad branch aims to provide financial and banking services that meet the needs of customers in accordance with the best international practices in this field.
The Bank's presence in Iraq will allow it to expand its services to its corporate clients located in Jordan and Iraq.
The branch is also distinguished by a design that is consistent with the innovative concept of the business environment within the banking industry, and its compliance with the latest standards of customer privacy concepts, within interactive channels and facilitated procedures.
The Bank of Jordan works in accordance with the approach of continuous improvement and development in all its activities and fields of work, and to keep pace with the rapid developments in the banking industry in accordance with the best international practices.
The Bank seeks to excel locally and regionally, without neglecting its role and societal mission, and through its team of qualified and trained employees who support the vision and strategy of the Bank and build on the accumulated achievements year after year.
It is noteworthy that the Bank of Jordan is one of the oldest Jordanian banks, with roots dating back to 1960, and it has a wide presence that established it throughout its career, until it is present throughout the Middle East through its branches, subsidiaries and digital and electronic channels.
The Bank of Jordan group includes Bank of Jordan, its branches operating in Palestine, Bahrain Wholesale Branch, and its subsidiaries: Bank of Jordan - Syria, Excellence for Financial Investments, Jordan Leasing Company, and today Bank of Jordan - Iraq.
The Bank of Jordan Group's banking network across the countries in which it is present also includes: 83 branches in Jordan, 17 branches in Palestine, a branch in Bahrain, 12 branches of Bank of Jordan - Syria, and 252 ATMs serving all customer segments.
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The Bank of Jordan announced the launch of its operations in Iraq with the opening of its first branch in Baghdad, after obtaining all the necessary licenses from the Central Bank of Jordan and the Central Bank of Iraq, and fulfilling all conditions and procedures related to launching its business in the Iraqi market.
The Chairman of the Board of Directors of Bank of Jordan, Shaker Fakhoury, said: “The decision to branch out in Iraq is a consolidation of our regional presence and a translation of the bank’s strategy that it has adopted to expand its business in the countries of the region, whose markets are witnessing remarkable growth and promising opportunities, which will reflect positively on the services provided to our current and future customers.
We also seek to develop Our banking system, a translation of the royal visions to increase investment, coordination and economic cooperation between the two countries, and to consolidate the strong economic and historical relations with Iraq.
Fakhoury added: We are launching today in Iraq to translate the Bank of Jordan’s long-standing career, which extends for more than 60 years in banking and financial work, and in a manner that reflects the success in implementing the bank’s aspiring vision to become the leading bank in the Arab region, and to expand its branch network to include the Iraqi market, which is one of the most important markets in the area.
Mr. Fakhoury also indicated that the bank is currently working on preparing its first branch in Riyadh, Saudi Arabia, after recently obtaining a license to practice banking in Saudi Arabia, stressing the bank's continued orientation for regional expansion towards countries whose markets are witnessing growth and development at the economic and investment levels.
On this occasion, Mr. Shaker Fakhoury appreciated the efforts of the Central Bank of Iraq in facilitating the opening of the Bank of Jordan branch in the capital, Baghdad.
He also thanked the Central Bank of Jordan for their trust and permanent support for the bank to implement its plans for branching and external expansion.
Fakhoury pointed out that this step reflects Bank of Jordan's commitment to designing its branch network in a way that enables it to achieve its vision and strategic directions and serve its broad customer base through its traditional channels, in addition to providing electronic and digital services to all its customers.
He pointed out that Mr. Jawdat Jawdat was appointed CEO of the Bank in Iraq, who has a long and extensive experience of more than twenty-seven years in banking. He held a number of important positions during his work with major local, regional and international banking institutions.
The Baghdad branch aims to provide financial and banking services that meet the needs of customers in accordance with the best international practices in this field.
The Bank's presence in Iraq will allow it to expand its services to its corporate clients located in Jordan and Iraq.
The branch is also distinguished by a design that is consistent with the innovative concept of the business environment within the banking industry, and its compliance with the latest standards of customer privacy concepts, within interactive channels and facilitated procedures.
The Bank of Jordan works in accordance with the approach of continuous improvement and development in all its activities and fields of work, and to keep pace with the rapid developments in the banking industry in accordance with the best international practices.
The Bank seeks to excel locally and regionally, without neglecting its role and societal mission, and through its team of qualified and trained employees who support the vision and strategy of the Bank and build on the accumulated achievements year after year.
It is noteworthy that the Bank of Jordan is one of the oldest Jordanian banks, with roots dating back to 1960, and it has a wide presence that established it throughout its career, until it is present throughout the Middle East through its branches, subsidiaries and digital and electronic channels.
The Bank of Jordan group includes Bank of Jordan, its branches operating in Palestine, Bahrain Wholesale Branch, and its subsidiaries: Bank of Jordan - Syria, Excellence for Financial Investments, Jordan Leasing Company, and today Bank of Jordan - Iraq.
The Bank of Jordan Group's banking network across the countries in which it is present also includes: 83 branches in Jordan, 17 branches in Palestine, a branch in Bahrain, 12 branches of Bank of Jordan - Syria, and 252 ATMs serving all customer segments.
Note: The content entitled (Bank of Jordan opens its first branch in Iraq) was first published on the website of (Bank of Jordan) and this day's news encyclopedia does not bear its content in any way.
You can view the details of this address (Bank of Jordan opens its first branch in Iraq) through its original source, i.e. the website (Bank of Jordan).
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