Contributing to advancing the education level of Jordan’s young men and women

Amman, April 2010 – Capital Bank announced the launch of its ‘Capital MBA Student Fund’, which aims to help exceptional students achieve their education ambitions through enrolling in one of the world’s 50 top universities and receiving a Master of Business Administration (MBA) degree. Through the Fund, Capital Bank will offer students financial aid that provides unprecedented features for the first time in Jordan. Capital Bank will be investing half a million Jordanian Dinars annually to Fund MBA student loans offered on a yearly basis.

Commenting on the Fund’s launch, H.E. Samih Darwazah, Chairman of Capital Bank's Board, said: “This initiative reflects our commitment to supporting ambitious Jordanian youth seeking to further their higher education. We recognize our responsibility as a private sector institution towards helping empower our community’s youth to build the future that they aspire to achieve. We look forward to seeing the positive impact of the MBA Fund on youth, whom we are confident will contribute to leading the development process in the Kingdom at every level.”

The launch of the ‘Capital MBA Student Fund’ confirms Capital Bank’s goal of supporting the national economy through endowing the local community with advanced qualifications and nurturing a capable generation of entrepreneurs and business leaders that actively participate in building a better and brighter future. The ‘Capital MBA Student Fund’ will fully cover the university expenses of MBA students accepted in one of the world’s 50 top universities, and will enable them to repay their loans after receiving their Master’s degree via up to 100 convenient installments at an exceptionally low 4% interest rate, which is the lowest interest rate to be offered in the Kingdom.

Capital Bank will also give its MBA graduates a grace period of up to six months after their graduation to allow them to make proper arrangements and find stable work conditions before they begin paying back their student loan. Through this step, Capital Bank aims to enable exceptional young men and women to acquire advanced education qualifications and return to their country to employ their knowledge towards achieving sustainable national development in the Kingdom.

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