BANKING

FAB Sells NBAD Jordan Operations to SGBJJuly 16, 2018

First Abu Dhabi Bank (FAB) has signed an agreement today with Société Générale de Banque – Jordanie (SGBJ), to sell its National Bank of Abu Dhabi (NBAD) Jordan business operations to SGBJ, including the transfer of employees and relevant suppliers’ contracts. The agreement, which follows a careful process to select the buyer who will be the best fit for both its employees and customers, has been approved by the Central Bank of Jordan. The approval was received on the 10th of July 2018.

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Bank of America Reports Second-Quarter 2018 Financial Results July 16, 2018

(AETOS Wire)-- Bank of America reported its second-quarter 2018 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

FAB sells Jordan operations to Societe GeneraleJuly 14, 2018

First Abu Dhabi Bank (FAB) said on Thursday it had signed a deal to sell its operations in Jordan to Societe Generale de Banque — Jordanie (SGBJ).

The deal will see FAB sell its National Bank of Abu Dhabi operations in Jordan, and will include the transfer of employees and relevant contracts, FAB said in a statement. The value of the deal was not disclosed.

“This"...

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First Abu Dhabi Bank sells Jordan business to Société GénéraleJuly 14, 2018

The UAE's biggest lender First Abu Dhabi Bank (FAB) has signed an agreement with French bank Société Générale's Jordan unit, to sell its interests in the kingdom.

The deal will cover the transfer of NBAD Jordan's employees and relevant suppliers' contracts to Société Générale de Banque Jordanie (SGBJ), the firm said in a statement. No financial details were disclosed.

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Kuwait National Exchange Rebrands as UnimoniJuly 5, 2018

Kuwait National Exchange WLL, a leading money transfer and foreign currency exchange provider and a member of the UAE Exchange Group, announced its rebranding as “Unimoni”. This makes Kuwait the second country in the Group’s global network to adopt the Unimoni brand. Unimoni, short for “Universal Money”, will drive the agenda of providing a broad spectrum of innovative financial services across geographies, currencies and channels, enabling customers to achieve their financial ambitions.

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Jumhouria Bank of Libya Selects SmartStream to Deliver Real-Time Operational ControlJuly 4, 2018

(AETOS Wire) -- SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced Jumhouria Bank, the largest bank and branch network in Libya, has signed a deal for SmartStream’s Corona solution for the delivery of intra-day reconciliations management across cash, cards, branch, central bank and payment transactions.

The need for a solution developed"...

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European Investment Bank to finance projects in Jordan with 850 million eurosJuly 3, 2018

Vice President of the European Investment Bank (EIB) Dario Scannapieco, announced on Monday that the bank is preparing economic studies to finance 15 projects in Jordan with 850 million euros in the sectors of water, sanitation, public transport, renewable energy, small and medium enterprises and micro enterprises.

In remarks during the opening session of the 18th annual EIB conference in Amman to discuss the role of the bank in improving the living conditions in the southern Mediterranean countries, Scannapieco"...

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CBJ amends anti-money laundering and terrorism financing regulationsJuly 1, 2018

The Central Bank of Jordan (CBJ) on Saturday released an amended set of anti-money laundering and counter terrorism financing (AML/CFT) regulations applicable on licensed banks, after they were endorsed by the National Committee for Anti-Money Laundering and Terrorism Funding.

In a statement issued on Saturday, the bank said the new regulations were in response to the amendments recommended by the Financial Action Task Force for 2012, and to the developments in domestic and international markets and to support"...

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WB extends $500mln in finance to support Jordan reformsJune 30, 2018

The World Bank (WB) decided to extend $500 million in concessional and non-concessional financing to support Jordan’s ongoing reforms to improve the economy and business climate by reducing business costs, fostering competition and increasing exports.

The financing seeks to support Jordan’s efforts to promote inclusive economic growth, create more jobs and expand the National Aid Fund cash transfer programme to cover an additional 85,000"...

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CPF, Ahli Bank launch first national financial technology programme June 24, 2018

Jordan Ahli Bank signed a cooperation agreement with the Crown Prince Foundation (CPF) through its Al Ahli for Financial Technology Private Shareholding Company, whereby the first national financial technology programme in the Kingdom has been launched, the Jordan News Agency, Petra, reported. The agreement was signed by the Jordan Ahli Bank CEO/General Manager Mohammad Musa Daoud and CPF CEO Tamam Mango.

According to a statement issued by the bank"...

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