BANKING

ABC Jordan wins awardNovember 20, 2014

Arab Banking Corporation Jordan, a subsidiary of Bahrain-based Arab Banking Corporation (ABC), has received a prestigious customer service award from Dubai-based Banker Middle East magazine.


ABC Jordan has won the award for 'Best Customer Service in the SME Sector' in the Levant Product Awards 2014 that"...

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Jordan Urges US to Allow Arab Bank AppealNovember 8, 2014

Jordan's government has requested a US court to allow Arab Bank to appeal a verdict that the lender is responsible for aiding Hamas militants carry out terrorist attacks in Israel.


Jordan, whose pension fund owns around 15% of the country's biggest bank, reported "exceedingly serious concerns" over the way the trial was conducted in New York.


The Kingdom said the trial was "unfair," partially because"......

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Mastercard to Acquire TNS’ Payment Gateway BusinessNovember 6, 2014

Transaction Network Services (TNS), a portfolio company of Siris Capital Group since February 2013, has entered into an agreement to sell its Payment Gateway Services business to MasterCard for an undisclosed sum.


MasterCard will acquire TNS’ eCommerce and card-present payment"......

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CPI Card Group Launches CPIMobile™ with SequentNovember 3, 2014

CPIMobile™ enables global banks to leverage Secure Element (SE) and Host Card Emulation (HCE) capabilities to participate in any wallet deployment or turn their own apps into wallets


CARTES Secure Connexions 2014 Money20/20 2014


CPI Card Group, a global leader in financial and EMV"......

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JIB registers net profit of $46.8 millionOctober 28, 2014

Jordan Islamic Bank (JIB), a subsidiary banking unit of Al Baraka Banking Group, registered net profits after tax of $46.83 million and before tax of $66.43m in the third quarter of this year.


JIB chairman and ABG president and chief executive Dr Adnan Ahmed Yousif commended the efforts of the executive"...

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Arab Bank starts appeal against Hamas finance rulingOctober 26, 2014

Arab Bank Group said it had begun legal steps to appeal a US jury ruling which found it liable for financing Islamic group Hamas.


The US civil lawsuit brought against the Jordan-based bank has been described by lawyers as the first of its kind to reach trial. Jurors last month found it was liable for giving material support to Hamas and said it must compensate victims of two dozen attacks attributed to the group in Israel and the Palestinian territories.

......

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Jordan's Housing Bank posts USD 172.4 mln profit in nine monthsOctober 26, 2014

Jordan's Housing Bank for Trade and Finance , about 19 percent of which is Kuwaiti-owned, has realized USD 172.4 million in profit during the first nine months of the year, it announced on Saturday.

This marks a rise of 11 percent compared to profit worth USD 155.4 million the same period last year, according to data revealed by the Bank.

Post-tax profit for the period January-September 2014 reached USD 127.2 million, a 14.5 percent decrease compared to USD 111.1 percent in the first nine months of 2013.

Bank assets rose to USD 10.6 billion by the end of the third quarter...

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