Amman, June 2010 – As part of its efforts aimed at supporting and spreading the sports culture among the Jordanian youth, and coinciding with the launch of the FIFA World Cup 2010, Capital Bank announced the signing of an agreement with the Royal Automobile Club. By virtue of this agreement, Capital Bank will be the official and exclusive sponsor from the banking sector of the club’s efforts in broadcasting of the FIFA World Cup 2010 matches to all of its members, who will have the opportunity to follow these matches in different halls inside the club. The events of the World Cup 2010 were kicked off on the 11th of June 2010, and will continue till the 11th of July 2010.

Throughout the sponsorship period, members of Capital Bank’s team will be present at the Royal Automobile Club’s premises through the bank’s booth, where they will be enhancing the bank’s engagement with the club’s patrons and providing them with giveaways and brochures that introduces the club’s visitors and members to the latest banking solutions and services launched by Capital Bank within the Jordanian market.

Commenting on this sponsorship, Mr. Ziad Fatayer, Assistant General Manager of the Retail Banking Management at Capital Bank, said: “We are happy to support the Royal Automobile Club’s efforts in broadcasting the World Cup 2010 matches, which comes in line with our goals of encouraging greater local community interest in sports, particularly in football which is considered the number one sport in Jordan and across the globe. We are also very interested in maintaining future engagement with the Jordanian public on different occasions and athletic events.”

In turn, Ms. Huda Qasim, Assistant Managing Director at the Royal Automobile Club, expressed her happiness with this agreement, which supported the broadcast of the 2010 FIFA World Cup matches to all the club’s patrons. She also thanked Capital Bank for its initiative and interest in supporting sports, and commended the bank for its comprehensive banking services and solutions in the local market.

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.
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