Amman, June 2010 - In line with its ongoing support to the SOS Children's Village Association of Jordan, Capital Bank announced the continuous sponsorship of two of the Village’s houses which serve 18 children.

This initiative is one of several initiatives through which Capital Bank supports the SOS Children's Village Association of Jordan, reflecting the bank’s strong belief in the important role that national organizations play in supporting the different components of the Jordanian community, especially children.

As a gesture of appreciation to Capital Bank for its efforts and contributions in supporting children in general, the Director of the SOS Children's Village Association of Jordan Ms. Lina Mulla presented Capital Bank’s General Manager Mr. Haytham Kamhiyah with a medal on behalf of the Village.

Commenting on this initiative, Mr. Haytham Kamhiyah said: “Over the past few years, Capital Bank has been especially keen on sponsoring community programs and initiatives, such as the SOS Children's Village Association of Jordan, that aspire to build a strong and tight-knit community. We are greatly honored to receive the Village’s medal; this gesture encourages our participation in building our community through launching other valuable initiatives that will benefit every member of the community at different social levels.”

In turn, Ms. Lina Mulla expressed her deepest appreciation for this initiative and commended Capital Bank’s team on their genuine team spirit and collaboration. She further conveyed her hopes that this initiative will pave the way for more initiatives by other national companies and organizations that will support children.

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.

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
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P.O.Box: 930391, Amman 11193, Jordan
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