Jordan Kuwait Bank (JKB) is a Jordanian public shareholding company, founded in 1976 as the country’s fifth national commercial bank, that has successfully evolved into a major player in the Jordanian banking system over the years with consolidated assets of US$3.84 billion as at 31 December 2018.
The bank currently operates a domestic network of 64 branches, distributed throughout Jordan in addition to a branch in Cyprus.
JKB wholly owns Ejara Leasing Company and Sanad Capital, and holds a controlling share of more than 50% in United Financial Investments Co. (Jordan). JKB also has investments with board representation in Algeria Gulf Bank (Algeria), Quds Bank (Palestine) and Middle East Payment Services (Jordan).
JKB capitalizes on its outstanding capabilities to provide services that encompass commercial and investment banking, in addition to other business-related services.
JKB also capitalizes on the strong business and ownership relations with Kuwait Projects Company Holding (KIPCO) and its banking and investment arms in the MENA region. Its major shareholders are Al Rawabi United Holding Co. (Kuwait), a fully owned subsidiary of Kuwait Projects Company Holding (KIPCO), the Social Security Corporation (Jordan), and Odyssey Reinsurance Company (USA), a subsidiary of Fairfax Financial Holdings, holding 50.9%, 21% and 5.85% of the bank’s capital respectively.
JKB was the first bank in Jordan to introduce electronic delivery and service channels. Its hi-tech infrastructure, widely spread branches, ATMs and ITMs, efficient e-banking products and services, Internet and mobile banking facilities that provide access to external payment systems are all topped with a unique customer-friendly atmosphere. This infrastructure has enabled the bank to further enhance its image, as the best client-focused bank in Jordan and substantiated its slogan of “More than just a bank”.