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Bank Al Etihad - Jordan |
Read about Bank Al Etihad - Jordan
Bank al Etihad, previously known as Union Bank, is a Jordan-based financial and banking services institution, 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. total deposits today are in excess of JD 1.6 Billion and market share is around 5.4%.
Bank al Etihad operates a growing network of 39 branches, in addition to 58 ATMs, a central exchange unit, The bank is also a board member and a strategic partner with the National Bank in Palestine owning a 10% share. It also fully owns a brokerage firm “Etihad Brokerage” which was established in (2006).”
Bank al Etihad financed a number of vital and infrastructure projects that hold long term benefits to the country and its citizens in sectors such as electricity, energy, renewable energy, higher education, tourism, water desalination and water treatment. It also offers a variety of products and services that serve corporate clients, SMEs, and targeted segments of retail. In addition to provide Treasury and Investment services.
In 2007, Bank al Etihad engaged McKinsey & Company, one of the world most reputable banking consultants, to support its continuing growth and new business diversification strategy, During 2011 the bank managed to successfully complete and launch several strategic projects including the implementation of a new core banking system, the launch of a new brand identity and a new branch concept– new Retail experience. In addition to the enhancement of various products & services offerings, the bank was the first in Jordan to launch a full-fledged mobile banking application for smart phones.
Bank al Etihad today is one of the fast growing banks in Jordan; it has been growing at double or triple the market growth rate over the last 3 years. Total deposits today are in excess of JD 1.6 Billion and market share is around 5.4%.
Corporate Social responsibility has always been part of the bank’s DNA and its key values; the bank supports local communities and adopts several initiatives mainly in the areas of Education, Youth, Culture and Arts. In addition to that, the bank has always supports charity organizations associated with disabilities and special needs citizens. The bank also offers its own “Halim Salfiti Theater” for free to all musicians and art activities.
Bank al Etihad operates a growing network of 39 branches, in addition to 58 ATMs, a central exchange unit, The bank is also a board member and a strategic partner with the National Bank in Palestine owning a 10% share. It also fully owns a brokerage firm “Etihad Brokerage” which was established in (2006).”
Bank al Etihad financed a number of vital and infrastructure projects that hold long term benefits to the country and its citizens in sectors such as electricity, energy, renewable energy, higher education, tourism, water desalination and water treatment. It also offers a variety of products and services that serve corporate clients, SMEs, and targeted segments of retail. In addition to provide Treasury and Investment services.
In 2007, Bank al Etihad engaged McKinsey & Company, one of the world most reputable banking consultants, to support its continuing growth and new business diversification strategy, During 2011 the bank managed to successfully complete and launch several strategic projects including the implementation of a new core banking system, the launch of a new brand identity and a new branch concept– new Retail experience. In addition to the enhancement of various products & services offerings, the bank was the first in Jordan to launch a full-fledged mobile banking application for smart phones.
Bank al Etihad today is one of the fast growing banks in Jordan; it has been growing at double or triple the market growth rate over the last 3 years. Total deposits today are in excess of JD 1.6 Billion and market share is around 5.4%.
Corporate Social responsibility has always been part of the bank’s DNA and its key values; the bank supports local communities and adopts several initiatives mainly in the areas of Education, Youth, Culture and Arts. In addition to that, the bank has always supports charity organizations associated with disabilities and special needs citizens. The bank also offers its own “Halim Salfiti Theater” for free to all musicians and art activities.
