Amman, December 2009 – As part of its expansion plans aimed at offering a wider array of comprehensive banking and investment services and catering to different segments in Jordan, Capital Bank announced the opening of its new branch in Majdi Mall located in Queen Rania Al Abdullah Street on Thursday, the 3rd of December 2009. Unlike other Capital Bank branches, the new branch is open from 8am-8pm throughout the week except on Fridays, in order to cater to the various needs of the Bank’s clients at all times.

The new branch in Majdi Mall is one of the six branches that the Bank plans to set up in Marj Al-Hamam, Al Hurriyah Street, Majdi Mall, Dahiyat Al Yasmeen, Al Garden Street, and Zarqa Al-Jadidah in order to expand its existing group of branches within the Kingdom, which cover Shmeisani (the Bank headquarters and Shmeisani branches), Medina Al-Munawara Street, Sweifieh, Dabouq, Wihdat, Bayader, Wadi Al Seer/ Industrial City in Amman, in addition to a branch in Zarqa, Free Zone/ Zarqa and Irbid, and two branches in Aqaba.

Commenting on this step, Mr. Haytham Kamhiyah, Capital Bank's General Manager, said: “We aim through our adopted work strategies to strengthen our presence in the Jordanian market and expand our services’ coverage area in order to cater to the growing needs of our clients. Within this context, we are locating our branches and services in vital areas across the Kingdom, and we are supporting this objective by constantly developing our banking and investment products. Through the opening of our new branch in Majdi Mall we are taking an additional step towards maintaining our position as the ideal choice for a provider of comprehensive local banking services. We have also increased the new branch’s working hours to extend from 8am-8pm, and have designated Saturday as an official work day in order to offer our services during different times that suit the needs of our valued clients.”

Capital Bank is also increasing the threshold of its ATM network in order to ensure round the clock availability of its comprehensive services. The Bank is currently working on increasing the number of its ATM machines to reach 20 machines by the end of the current year, distributing them in key locations and commercial centers in different parts of the Kingdom. Capital Bank recently set up four new ATMs in Mecca Mall, City Mall, Majdi Mall and Ahli Plaza Superstore.

It is worth noting that Capital Bank’s expansion plan for this year involves the opening of new branches in various locations across the Kingdom in order to increase its network to include 20 branches by the year 2010.

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About Capital Bank
Capital Bank has been steadily expanding its operations since its inception in 1995, positioning itself today as the third largest bank in the Kingdom in terms of authorized capital, which amounts to JOD 132.8 million / shares. The bank's capital ratio exceeds the Basel Committee's and the Central Bank of Jordan's requirements and its operational efficiency is considered to be one of the best in the market.
Distinctly characterized by its financial stability, Capital Bank achieved the highest level of growth in deposits, which grew by 27% during the first half of the current year, reaching JOD 632 million. In addition, the bank boasts a high liquidity ratio to the Jordanian Dinar, which amounts to 140.4% compared to the 70% requirement of the Central Bank of Jordan. The bank also achieved the highest asset growth, which exceeded the JOD 1 billion mark at the end of the first half of the current year.
Capital Bank's ambitious and highly-qualified human resources and management team have achieved several successes that have yielded exceptional results in several fields, one of which is that it received the fourth best credit classification in Jordan from the Capital Intelligence organization.

This news release has been distributed by Bidaya Corporate Communications on behalf of Capital Bank.
For more information or assistance please contact us on the below number:

Tel: +962 6 5692008/9
Fax: +962 6 5692007
P.O.Box: 930391, Amman 11193, Jordan
E-Mail: media@bidayacorp.com