Established in 1960, Cairo Amman Bank is a Jordanian public shareholding company and one of the leading financial institutions in Jordan, playing a distinguished and major role in the national and regional economy. Cairo Amman Bank offers advanced banking solutions to its customers through multiple channels and platforms, anchored by a wide network of CAB branches across Jordan, Palestine and Bahrain.
CAB operates a total of 88 branches in Jordan, 21 branches in Palestine and one branch in Bahrain, with plans of expanding activities and operations in the GCC region. CAB advanced banking solutions can also be accessed through an ATM network of 172 machines, in addition to an array of digital banking services that include Internet Banking, Mobile Banking, IRIS recognition among others.
CAB is also well renowned for its IT infrastructure and capabilities in adopting new and exciting technologies to help attain its lead and modernity in the Jordanian market.
Offering a wide variety of innovative banking solutions, CAB aims to deliver ease and convenience to customers, this has been proven by the fact that CAB holds a sizeable share of the retail banking segment, which is due to the trust and convenience offered by CAB to its clients.
CAB meets various corporate and SME financial needs through its broad range of products and services serving business and industrial sectors.
The bank’s prudent credit policy and risk management practices have contributed to achieving excellent growth rates throughout the past years; this maintains the quality of the credit portfolio, keeping non-performing loans ratios below average in the market, in addition to sustaining a high provision coverage ratio.
Furthermore, the investment arm of CAB, Awraq Investments, is one of Jordan’s leading investment companies whereby it has effectively provided investment solutions and brokerage services to its diverse client base, consisting of retail, corporate and individual segments, since its establishment in 1992. Awraq Investments combines local and regional expertise with international practices to create investment opportunities locally, regionally and internationally.
In 2014, CAB launched its financial leasing arm, Tamallak Leasing Company, which is incorporated as an independent company to provide financial leasing services as an alternative financing option for individuals and corporates, covering all the economic sectors.
CAB’s total assets were equivalent to JOD 2935.4 million on December 31st, 2018, while its total shareholders’ equity was JOD 336.3 million. By the end of 2018, the bank maintained a strong capital base with a capital adequacy ratio of 15.21%.
Moreover, CAB sustains a high level of confidence among its stakeholders attributable to high liquidity levels that conform to the international standards.