Under ‘Capital Bank’s Home Loans’ Program

Amman, May 2010 – Under its ‘Capital Bank’s Home Loans’ Program that it was launched in early 2010 offering unique and competitive features to the Jordanian banking market, Capital Bank announced the new ‘Capital Home Plus’ campaign in cooperation with Nuqul Automotive. The campaign will carry on for a period of three months and will offer a car with each Home loan. The car will be provided mortgage-free, and inclusive of registration, licensing fees and third party insurance, and will come with third party insurance coverage.

The launch of the campaign, which is being exclusively offered by Capital Bank to the Jordanian banking market, stems from Capital Bank’s efforts towards providing high value banking and investment services to its clients. All those who wish to benefit from the unprecedented ‘Capital Bank’s Home Loans’ Program and own their apartment as well as a unique and mortgage-free car can follow the Program’s simple procedures and receive up to 70% financing with no specified ceiling, no need for a guarantor, a repayment period starting from 15 years & extended for up to 30 years, and receive free life and real estate insurance. The Program is available to Jordanian expatriates and can include buying another real estate loan from another bank. It is worth noting that the minimum amount for this loan is JD 75,000.

Commenting on this pioneering product, Mr. Ziad Fatayer, Assistant General Manager of the Retail Banking Management at Capital Bank, said: “This campaign which was launched in cooperation with Nuqul Automotive is a continuation of the ‘Capital Bank’s Home Loans’ Program that was launched earlier this year in response to the increasing and ever-changing requirements and needs of the Jordanian market. It is also part of our strategy aimed at providing the local market with innovative and unique banking products and services. We are hoping through this campaign to support our clients and all those who wish to buy their dream homes and get a car from Nuqul Automotive in order to preserve the confidence they have placed in us, which serves a constant motivator for us to remain the number one banking choice.”

Mr. Fatayer added: “We would like to thank Nuqul Automotive for their cooperation and for their prominent presence in the local market as a leading company that follows the highest professional standards. We hope that we can work together towards developing the banking sector and pushing the overall economic development process forward.”

In turn, Mr. Michael Abedrabbo, Deputy CEO at Nuqul Automotive, expressed his appreciation to be a part of Capital Bank’s campaign, commending their efforts to provide the Jordanian banking sector with value added services. Mr. Abedrabbo also hoped that this partnership will lead to future cooperation that helps elevate standards of living and develop investments in Jordan.

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 150 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 second highest level of growth in deposits for 2009, which grew by 28% reaching JOD 680 million in comparison to 593 million in 2008. In addition, the bank boasts a high liquidity ratio to the Jordanian Dinar, which amounts to 151% compared to the 70% requirement of the Central Bank of Jordan. The bank also achieved the high asset growth, which exceeded the JOD 1 billion mark at the end of 2009 in comparison to JD984 million in 2008 recording a 9% growth.

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 a BBB credit rating by Capital Intelligence according to its January 2010 report.

About Nuqul Automotive

Established in 2006, Nuqul Automotive quickly made its mark as the premier automotive retailer in the Kingdom. With its peerless service levels, distinctive ambiance, and attention to every detail, Nuqul Automotive has earned its pioneering reputation in the automotive field.

Nuqul Automotive showrooms are conveniently located to include Porsche, Audi, Volkswagen passenger and commercial and Skoda lines, all for which Nuqul Automotive is the exclusive agent in Jordan, along with a vast array of interrelated products and services. Audi, Volkswagen, and Porsche are conspicuously featured in Nuqul Automotive’s 7th Circle showroom and Skoda is showcased at Nuqul Automotive's Mecca Street site. Nuqul Automotive employs over 130 of the most experienced and skilled personnel and utilizes cutting-edge equipment to surpass clients’ every automotive need.

Steering the company toward ever-increasing success is its corporate slogan, Service Redefined. Nuqul Automotive goes the extra mile for clients, never wavering in its relentless dedicated efforts to achieve customer satisfaction, unparalleled service, and world class quality standards. It is this commitment to the community and to Jordan, as well as a genuine focus on environmental issues, that marks Nuqul Automotive as the best today and well into the future.

This news release has been distributed by Bidaya Corporate Communications on behalf of Capital Bank.
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