Cairo Amman Bank (CAB) is one of Jordan’s leading financial institutions. Since its establishment in 1960, as a public sharing holding company, CAB has been keen to enhance socioeconomic development both locally and regionally by servicing individuals, small and medium businesses, andlarge corporations across different segments. CAB serves its clients with a wide network of branches and innovative banking solutions, and offers a full range of products, services and solutions tailored to meet customers’ needs.
CAB operates a total of 100 branches in Jordan, 22 branches in Palestine and one branch in Bahrain. CAB’s advanced banking solutions are accessible through an ATM network of 266 machines, and through digital platforms services that include Internet Banking, Mobile Banking, and the chatbot “Labeeb”, among others.
The bank’s prudent credit policy and risk management practices have contributed to achieving excellent growth rates throughout the past years, which maintains the quality of the credit portfolio, keeping nonperforming loans ratios below average in the market, in addition to sustaining a high provision coverage ratio.
CAB aims to deliver ease and convenience to customers by continuously adapting to their financial needs through a wide variety of innovative banking solutions. This is anchored by the fact that CAB holds a sizeable share of the individual retail segment in Jordan.
The bank currently operates under three separate trademarks, with the aim of accommodating the financial needs of all the targeted segments in the Jordanian market:
CAB is servicing Jordan’s mass, with a focus on individuals employed in the public and private sectors.
LINC is offering banking products and services to Jordan’s youth (aged 18 to 40). LINC operates through seven digitized branches, throughout universities in Jordan and other “youth focused” locations such as malls.
Signature is offering wholesale banking solutions while focusing on the needs of high net-worth individual clients, as well as medium to large corporations. Signature currently operates through three branches, with further plans for expansion in upcoming years.
As part of its strategic goals towards sustainable growth and expansion, CAB aims to establish a new trademark in 2023, to exclusively target one of Jordan’s niche segments. The new brand will operate through dedicated branches, and in defined areas of select existing branches.
Furthermore, the investment arm of CAB, Awraq Investments, is one of Jordan’s leading investment companieseffectively providing investment solutions and brokerage services to its diverse client base, consisting of retail and corporate customers across different segments, since its establishment in 1992. Awraq Investments combines local and regional expertise with international practices to create investment opportunities locally, regionally and internationally.
CAB launched its financial leasing arm, Tamallak Leasing Company, in 2014 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 also owns “Safa Bank”, an Islamic bank in Palestine operating in accordance with the provisions of the Islamic Shariah. CAB owns 79% of the bank’s capital, and the bank provides financing for residence, vehicle, and commodities in the form of reliable Islamic structures. Safa currently has seven branches (including the headquarters), and two offices.
CAB’s total assets and shareholders’ equity amounted to around JOD 3,353 million and JOD 367 millionrespectively in 2022. Moreover, CAB sustains a high level of confidence among its stakeholders, attributable to high liquidity levels that conform to international standards.
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