The Cairo Amman Bank is a full service bank

Bank

A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

 in Jordan

Jordan

Jordan , officially the Hashemite Kingdom of Jordan , Al-Mamlaka al-Urduniyya al-Hashemiyya) is a kingdom on the East Bank of the River Jordan. The country borders Saudi Arabia to the east and south-east, Iraq to the north-east, Syria to the north and the West Bank and Israel to the west, sharing...

 and the Palestinian territories

Palestinian territories

The Palestinian territories comprise the West Bank and the Gaza Strip. Since the Palestinian Declaration of Independence in 1988, the region is today recognized by three-quarters of the world's countries as the State of Palestine or simply Palestine, although this status is not recognized by the...

, with headoffice in Amman

Amman

Amman is the capital of Jordan. It is the country's political, cultural and commercial centre and one of the oldest continuously inhabited cities in the world. The Greater Amman area has a population of 2,842,629 as of 2010. The population of Amman is expected to jump from 2.8 million to almost...

. The headoffice for the Palestinian territories is in Ramallah

Ramallah

Ramallah is a Palestinian city in the central West Bank located 10 kilometers north of Jerusalem, adjacent to al-Bireh. It currently serves as the de facto administrative capital of the Palestinian National Authority...

. The bank operates about 70 branches

Branch (banking)

A branch, banking center or financial center is a retail location where a bank, credit union, or other financial institution offers a wide array of face-to-face and automated services to its customers....

 and offices in Jordan and 21 in the Palestinian territories. CAB currently ranks 6th in Jordan and 3rd in the Palestinian territories based on assets. It is also ranked 3rd in the Palestinian territories based on the number of branches it has. The bank is a member of the Jonet ATM network in Jordan.

History

Cairo Amman Bank was established on January 14, 1960 as a Jordanian public shareholding company and began its banking services on July 1, 1960. At the time, Egypt's Banque du Caire

Banque du Caire

Banque du Caire, or "Bank of Cairo", is a full service bank headquartered in Cairo. The bank operates over 123 branches in Egypt. It has branches in Abu Dhabi, Dubai, Sharjah, Ras al Khaima in the United Arab Emirates and Manama in Bahrain, representative offices in Kiev, Ukraine and Harare,...

 converted its branch in Amman

Amman

Amman is the capital of Jordan. It is the country's political, cultural and commercial centre and one of the oldest continuously inhabited cities in the world. The Greater Amman area has a population of 2,842,629 as of 2010. The population of Amman is expected to jump from 2.8 million to almost...

, Jordan, into a locally-owned and registered company; Banque du Caire retained a minority position in the bank (12% in 1999), but has since withdrawn almost completely, with Egypt

Egypt

Egypt , officially the Arab Republic of Egypt, Arabic: , is a country mainly in North Africa, with the Sinai Peninsula forming a land bridge in Southwest Asia. Egypt is thus a transcontinental country, and a major power in Africa, the Mediterranean Basin, the Middle East and the Muslim world...

's Banque Misr

Banque Misr

Banque Misr is an Egyptian bank founded by industrialist Talaat Pasha Harb in 1920.- Operations :The bank has branch offices in all of Egypt's governorates, and currency exchange and work permit offices for overseas workers in Egypt.Related organizations: Banque Misr presents long lists of its...

taking over its stake in 2007.

CAB's first branch was launched in the Palestinian territories in 1961. CAB returned to the Palestinian territories in 1986 with a branch.

External links

• Cairo Amman Bank