August 9, 2011
Capital Bank Holds Senior Management Meeting
Amman - Capital Bank recently held a top management meeting to discuss its overall and sector-specific strategies for the remainder of the current year. Capital Bank's Chairman H.E. Bassem Khalil Al-Salem led the meeting, which was attended by the bank's General Manager, its senior management and its department heads.
After reviewing the bank's achievements during the first half of 2011, Al-Salem reaffirmed Capital Bank's local and regional expansion goals, which he said will be met by providing target markets with quality corporate and personal banking services. These services, Al-Salem added, correspond with the bank's role as the only Jordanian bank to provide banking, commercial and investment services and have a presence in Iraq.
One of the meeting's main topics was Capital Bank's operations in the Iraqi market. Capital Bank aims to expand its business in Iraq by leveraging its 72% controlling stake in the National Bank of Iraq, enabling Capital Bank to offer a comprehensive set of banking and commercial services in both Jordan and Iraq.
About Capital Bank
Capital Bank has been steadily expanding its operations since its inception in 1995, and boasts an authorized capital of JOD 150 million/shares. The Bank's capital ratio exceeds the Basel Committee's and the Central Bank of Jordan's requirements, and its operational efficiency is considered to be one of the best in the market.
Characterized by its financial stability, Capital Bank achieved the highest level of growth in deposits, which grew by 11% by the end of 2010, reaching JOD 755 million, as opposed to JOD 680 million by the end of 2009. In addition, the Bank boasts a high liquidity ratio to the Jordanian Dinar, which amounts to 122% compared to the 100% requirement of the Central Bank of Jordan. The Bank also achieved the highest asset growth, which exceeded the JOD 1.2 billion mark at the end of 2010, compared to JOD 1.075 billion at the end of 2009, registering a 12% growth.
Capital Bank's ambitious and highly-qualified human resources and management team have achieved several successes that have yielded exceptional results in several fields, one of which is that it received the fourth best credit classification (BBB) in Jordan from the Capital Intelligence organization, according to its January 2010 report.
http://www.zawya.com/story.cfm/sidZAWYA20110809082017
