FCI welcomes new member: Bank of Jordan | FCI
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FCI welcomes new member: Bank of Jordan
Bank of Jordan logo
21 July 2022

Bank of Jordan is a national financial institution with a rich history and long legacy. It is one of the first banks to be established in Jordan and bore the country’s namesake, becoming the people's bank and working to serve them and meet their banking needs. Today, Bank of Jordan is one of the best local commercial banks in terms of solvency ratios, returns, credit facilities, and deposits and assets, with a capital of JD 200 million, as of the 31st of December of 2021.

Current Geographical Presence:

  • Jordan - 83 branches and 183 ATMs
  • Palestine - 17 branches and 46 ATMs
  • Syria - 12 branches and 12 ATMs
  • Bahrain - 1 branch

Bank of Jordam plans to have its presence in Iraq (September 2022) and in Saudi Arabia (expected 2023).

Lines of Business:

Bank of Jordan is one of the largest operating banks in Jordan, offering a diverse and comprehensive range of banking products and services that meet the various needs of customers with a high-quality level of service across Retail, Commercial & Corporate Banking supported with Financial Institutions, Treasury & Transaction Banking business units.

The bank provides its banking services through advanced distribution channels and a modern service environment, represented by its numerous branches which cover various regions of the Kingdom and the Palestinian markets, in addition to a set of state of the art electronic and digital channels & services that the bank provides to its customers.

Investment Services

Bank of Jordan offers its range of investment services through the Excel for Financial Investments Private Shareholding Co. Ltd., which was established and registered as a private joint stock company with a capital of 3.5 million Jordanian Dinars on March 23, 2006. The company is wholly owned by Bank of Jordan and is licensed by the Jordan Securities Commission to provide the following set of investment services: financial brokerage, internet trading, investment trusteeship, investment management, financial advisory and margin financing service. In addition, the company is coordinating with Bank of Jordan to provide Issuance Management. The company's business is based on a highly skilled administrative and technical staff with extensive experience in the field of financial markets. In line with the company’s policy, which aims to provide an integrated set of financial and investment services to meet the highest level of the needs of its clients from all classes and sectors, it is dedicatedly works within the framework of an advanced and safe technological system, providing a platform for trading in securities through its website: www.excelinvest.jo.

Financial Leasing Services

Bank of Jordan offers a wide range of options for its clients to provide them with the necessary financing. In order to meet the needs of its clients who are not inclined to deal with traditional financing methods, the bank established a specialized department working to provide financial leasing services on a lease-to-own basis. The financial leasing services have been able to achieve remarkable results since its launch in 2007, by expanding the range of services provided to include all purchases of assets, including production lines, trucks, buses, and various types of machinery, devices and equipment. The bank established the Jordan Leasing Company in 2011, which works to provide financial leasing services for real estate to individuals and companies from many sectors including medical, industrial, real estate, transportation, education, tourism, contracting, communications and more.

Custody Services

Bank of Jordan provides its clients with reliable and exclusive security services and is, in fact, the only local bank in the Kingdom that provides safe custody services, for which it obtained the license in 2014. Among the advantages of opening a securities portfolio at Bank of Jordan, is the presence of a highly trained and specialized team with vast experience in the field, in addition to a first-class technical infrastructure, regulations, policies and procedures to ensure continuity of service at the best international standards. The bank also provides safe custody services to foreign institutional investors in the Jordanian market, offering the best protection. These services include protecting clients' assets, collecting dividends, market and news updates, preparing comprehensive reports, and carrying out settlements for buying and selling shares on behalf of clients.