About Bank of Jordan
About Bank of Jordan
Since our establishment, and for the past 50 years, Bank of Jordan has adopted continuous development, and it has worked towards the improvement in all its activities and areas of expertise (both financial and banking). Since its establishment, has kept abreast with the rapid developments in the banking sector, both locally and internationally, and since its inception, it has supported Jordanian investments, as well as, the Jordanian economic development. It has also developed banking products and services that meet customers’ needs and requirements and that cover the needs of different social classes, be they individuals, corporate, or institutional. The Banks has also effectively contributed to the development of national projects, as well as, private sector projects.
Today, Bank of Jordan has become one of the largest five local commercial banks with a capital of JD 100 Million, and assets valuing JD1908 Million, costumer's deposit valuing JD1418 Million and shareholder rights are at an amount of JD193 Million on by 31/12/2009, the bank also owns a variety of distribution outlets, including a network of 89 branches and offices, and a network of 120 ATM systems across Jordan and Palestine, in addition to electronic distribution channels, which include the phone bank, Internet Banking, mobile banking, and short message services SMS.
Bank of Jordan is one of the largest banks operating in the Kingdom, providing a comprehensive and diversified number of advanced and high quality banking products and services for individuals to meet the different demands and aspirations of this wide range of customers, as well as additional competitive advantages both in transfer and savings. Some of the banking programs offered are: housing loans, personal loans, auto loans and mortgages. The solution program AL - Hal for personal loans provides the best programs in terms of flexibility and ease, with a funding limit of up to JD 50, 000.
Moreover, the bank issued a wide range of new credit cards, in addition to the prepaid OK card; a payment method that is both appropriate and safe used in daily purchases, cash withdrawals, and online shopping; enabling customers to control expenses. It can also be presented as a gift option for different occasions. The immediate fund transfer service (Moneygram) was created by the bank to facilitate sending and receiving bank transfers across the world quickly and on time.
Saving accounts awards (for Jordan and Palestine) include the grand prize, which is Valued at 250,000, the draw takes place at the end of the months of April, August and December. As well as the monthly prizes draw for the following values: JD 100,000 which take place on the fifth of each month , JD 42,000 on the fifteenth of every month and 12,000 on the twenty fifth of every month, alongside special draws during the year . All these draws increase the bank clients` chances of winning.
Amongst the banks priorities is allocating the appropriate solution for ensuring housing for employees with transferred salaries, where the bank offers solutions that are necessary to cover housing loans, giving customers the opportunity to own the home of their dreams (independent houses, apartments, maintenance and refurbishment of current houses, and completing construction or expanding current houses). Real estate loans for land ownership are also available or home owner loans for personal loans with property as guarantee.
The Bank also allows customers to acquire an office or a clinic; in order to exercise their professions; through a professional’s loan (engineering, medical, business, accountants, and lawyers); relieving them of the restrictions and burdens of rent.
Bank of Jordan offers its services to Jordanians abroad, helping them to own independent houses, apartments or lands through a special program for people living overseas; enabling them to achieve their dreams with their families in their home land Jordan, offering a wide range of privileges.
Furthermore the bank is keen to contribute to the educational sector and its employees; therefore it has developed a special program for Governmental bodies’ workforce and its affiliated hospitals, offering personal loans and credit cards with a competitive advantage and additional privileges.
Furthermore the bank is keen to contribute to the educational sector and its employees; therefore it has developed a special program for Governmental bodies’ workforce and its affiliated hospitals, offering personal loans and credit cards with a competitive advantage and additional privileges.
In regards to small and medium enterprises that play a major role in improving economic development and employment, the Bank provides a complete range of banking programs, in 11 centers specialized in servicing this vital sector covering all parts of the Kingdom.
Bank of Jordan strives for excellence and continuous improvement, and meeting the needs of different niches. It has developed a specialized service in terms of financial leasing services; to enable customers to finance various types of assets. The Bank has trained a highly efficient and experienced team. To guide customers to the best methods of funding, this guarantees their projects’ development in terms of revenues and profits, and result in increased productivity.
The Bank also offers a number of investment services, through Excel for financial Investments(Tafawwoq) Company, which is owned by the Bank and established in 2006, with a capital of JD 3.5 Million, offering its services in financial brokerage, through trading rooms equipped with the latest communication tools connected to the stock market.
Due to the importance of the corporate sector and major projects, the bank has worked on developing a set of financial and banking solutions that are offered through a team equipped to provide the best alternatives and banking solutions to meet specific needs.
Within the local and regional strategic expansion plans, the bank has established the "Bank of Jordan -Syria", to diversify expansions and distribution activities in the region, and to increase the Bank’s market shares whilst maximizing property rights return. The Bank has also developed its human resources department and has equipped it with the latest techniques and technologies; to promote team work along with the highest levels of services, with more than 1,800 employees in various specialties and expertise.
And because we strive to be the pioneers in educational initiatives, we have partnered with Hikayat Simsim (the Jordanian version of Sesame Street, a primary educational program). This program was produced in light of the mutual agreement signed between the Ministry of Culture and the USAID, this agreement was forged inline with the educational initiatives made by the Ministry of Education to foster educational reform. We, on our part, launched Bank of Jordan Educational Initiatives for Excellence with Hikayat Simsim which will carry on for two years.
The accomplishments achieved by the bank were the result of sound management, a strategic and comprehensive approach, and a clear vision that embodies the future in its various dimensions, while also keeping abreast with the rapid developments in the banking industry. Bank of Jordan strives to keep the pioneering position it has attained, and continues to follow the principles outlined for its success and excellence.
