Jordan’s Top Banks
Marcopolis.net has compiled the ranking of the top banks in Jordan according to their market share. The banking sector in Jordan is considered one of the main pillars of the Jordanian economy. The top bank in Jordan is Arab Bank with a market share of 51.79% as of June 30, 2013.
Top Banks in Jordan
Marcopolis.net has compiled the ranking of the top banks in Jordan according to their market share. The top bank in Jordan is Arab Bank.
The banking sector in Jordan is considered one of the main pillars of the Jordanian economy. Despite the difficult geopolitical situation the sector is well capitalized and regulated which makes it a resilient and promising sector.
The sector consists of 25 banks, 15 of which are listed on the Amman Stock Exchange (ASE). The total assets of the banking sector are equivalent to 180% of GDP.
The below ranking corresponds with the respective market share percentages of the listed banks (as of June 30, 2013).
Top Banks in Jordan
| Rank | Company | Country | Area | Market Share (%) | Description |
|---|---|---|---|---|---|
| 1 | Jordan | Banks | 51.79 | Arab Bank headquartered in Amman, Jordan is the largest global Arab banking network. It has over 600 branches in five continents. Arab Bank is also present in key financial markets and centres such as London, Dubai, Singapore, Geneva, Paris, Frankfurt, Sydney and Bahrain. Arab Bank offers a wide range of financial products and services for individuals, corporations and other financial institutions. Interview: Arab Bank Jordan |
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| 2 | Jordan | Banks | 15.04 | The Housing Bank for Trade and Finance (HBTF) was established in 1973 as a public shareholding limited company with a capital of half a million JD. The primary focus of the Bank was to provide housing finance. After 24 years of operations, the Bank diversified its scope and became a comprehensive bank, providing full commercial banking services. The Bank’s capital was increased several times, and currently amounts to JD 252 million; the equivalent of USD 355 million, the Bank’s management has continuously focused on strengthening its capital base year by year, the total equity amounted to JD 1,038 million (USD 1.5 billion) at the end of 2014. |
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| 3 | Jordan | Banks | 5.57 | Jordan Ahli Bank (previously Jordan National Bank) is a leading Jordanian institution, with a profound national history and heritage. Jordan Ahli Bank was established in 1955. Today it has a regional presence in Lebanon, Palestine and Cyprus. For 50 years it has been a leading player in the financial services sector in Jordan. Interview: Jordan Ahli Bank, A Leader with SMEs in Jordan |
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| 4 | Jordan | Banks | 5.15 | Established in 1976 by a group of Jordanian and Kuwaiti investors, Jordan Kuwait Bank is today considered one of the few successful Jordanian enterprises established with Inter-Arab interests. After more than 35 years of banking activities, steady expansion efforts and modernization plans, the Bank has become a well-established, highly prestigious and deeply rooted banking institution, boosting a network of more than 56 branches strategically located throughout Jordan and two branches in Palestine and a branch in Cyprus enabling the Bank’s clients to carry out all their financial transactions inside and outside of Jordan swiftly, efficiently and with the highest levels of quality. Interview: Jordan Kuwait Bank |
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| 5 | Jordan | Banks | 4.69 | Since its establishment as a Jordanian public company in 1960, CAB has been keen on employing its strong capital and its fifty years’ worth of experience to play a distinguished leading role in promoting the national economy through providing a distinct and inclusive range of services and successful banking solutions that fulfil the various needs of its customers. | |
| 6 | Jordan | Banks | 4.27 | Bank of Jordan is a pioneering bank that was established in Jordan in 1960. Since then, the bank has adopted the sustainable development and improvement approach for all its financial and banking activities and aspects. Today, Bank of Jordan is among the five major pioneering local banks with a capital of JD 155.1 million, assets amounting to JD 2,190.2 million and shareholders’ equity amounting to JD 335.7 million as of 31/12/2014. The bank also has various distribution channels that include 95 branches and offices, and 158 ATMs in Jordan and Palestine. | |
| 7 | Jordan | Banks | 3.91 | Bank al Etihad, previously known as Union Bank, is a Jordan-based financial and banking services institution. The bank was established in 1978 as a public shareholding company, with a paid up capital of JDs 125,000,000 and a capital base in excess of JOD 272 million and a capital adequacy ratio of 14.70%. Bank al Etihad today is one of the fast growing banks in Jordan. | |
| 8 | Jordan | Banks | 3.61 | Since its inception in 1995, Capital Bank has grown to become one of the top financial institutions in Jordan, offering the Jordanian market a comprehensive set of commercial and investment banking services tailored to the needs of individuals and corporate clients alike. Interview: Capital Bank of Jordan |
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| 9 | Jordan | Banks | 2.51 | For more than three decades, Arab Jordan Investment Bank (AJIB) has built a legacy of excellence and leadership as one of Jordan’s leading investment and commercial banks. Its core investment capability and advanced products and solutions in this field have contributed to the growth of AJIB into a major player in the region’s investment banking scene. | |
| 10 | Jordan | Banks | 1.89 | Bank ABC in Jordan (Arab Banking Corporation) was incorporated in 1990 as a Jordanian public shareholding company. It is a member of the Bank ABC Group, one of the largest Arab international banks with its head offices in the Kingdom of Bahrain and with branches and offices in five continents across the world. Bank ABC in Jordan performs all banking operations at its head office in Amman and its branches and ATMs in all parts of the Kingdom. Interview: Project Finance in Jordan |
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| 11 | Jordan | Banks | 1.58 | Established as a financial institution in 1982, it became a licensed bank offering investment and comprehensive financial services by 1990. Investbank has grown by 70% since its inception as a commercial bank. |