BANKING

The Nilson Report Releases the Global Cards Report 2015May 9, 2016

Global general purpose cards carrying Visa, UnionPay, MasterCard, JCB, Diners Club/Discover, and American Express brands generated 227.08 billion purchase transactions at merchants in 2015, an increase of 16.1% over 2014, according to The Nilson Report, the top trade newsletter covering the card and mobile"...

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Jordan Ahli Bank sponsors the Second Global Economic ConferenceMay 8, 2016

Jordan Ahli Bank recently sponsored the Second Global Economic Conference, which was entitled "Financing the Economics of the New Millennium: Exploring the Opportunities and the Challenges." For the second year in a row, the conference was organized by the Jordan Society for Scientific Research (JSSR), under the patronage of former Prime Minister and President of JSSR HE Abdul Salam Majali.

In addition to its sponsorship of the conference, the bank also"...

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Two Jordanians arrested for alleged theft of JD60,000 via forged ATM cardsMay 4, 2016

Police on Tuesday announced the arrest of two Jordanians for allegedly stealing around JD60,000 from bank accounts using forged ATM cards.


Police have also contacted the Interpol seeking a third suspect, who is European and had fled the country, Public Security Department (PSD) Spokesperson Lt. Col. Amer Sartawi said.

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Jordan: Arab Bank nets $217 m in first quarterMay 3, 2016

The Arab Bank has netted $217 million profit during the first quarter of the year, with operation revenues rising by %5, bank results showed on Monday.

Credit facility increased by %3 to reach $24.4 billion, compared to $23.7 billion during the same period of last year, said the bank.

The records also showed that cash deposits have also jumped to reach more than $34 billion, an increase of more than one billion compared to the same period of 2015, representing %2 rate growth, said the bank in a statement. Bank CEO Sabeeh al Masri said the bank has managed to maintain stable performance...

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Jordan: Arab Bank nets $217 m in first quarterMay 2, 2016

The Arab Bank has netted $217 million profit during the first quarter of the year, with operation revenues rising by %5, bank results showed on Monday.

Credit facility increased by %3 to reach $24.4 billion, compared to $23.7 billion during the same period of last year, said the bank.

The records also showed that cash deposits have also jumped to reach more than $34 billion, an increase of more than one billion compared to the same period of 2015, representing %2 rate growth, said the bank in a statement. Bank CEO Sabeeh al Masri said the bank has managed to maintain stable performance...

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Visa Opens its First Innovation Center in AsiaApril 28, 2016

Visa Inc. (NYSE:V) today announced the opening of its Singapore innovation center, the first in a network of new regional innovation centers that Visa is launching globally. The new 7,000 square foot Singapore facility will serve as a destination for clients, partners and developers, across the region, to work alongside Visa experts and jointly create the next generation of payment and commerce applications.


This"...

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Housing Bank ups pretax profit by 20.1% during first quarter of 2016 April 25, 2016

Pretax profit generated by the Housing Bank for Trade and Finance (HBTF) during the first quarter of 2016 increased by 20.1 per cent to JD50.5 million from JD42.1 million posted the same period of 2015.


An"......

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House endorses Central Bank draft lawApril 25, 2016

The Lower House on Sunday passed the amended 2016 Central Bank draft law in a session chaired by House Speaker Atif Tarawneh and attended by Cabinet members.

The bill grants the Central Bank of Jordan (CBJ) the privileges of monitoring and supervising the national payment system, setting the payment, clearing and settlement regulations under its management.

It also subjects financial institutions that carry our activities beyond those set forth by the bill to the CBJ's controls and also enables the CBJ to perform its tasks to enhance monetary and financial stability in the Kingdom.

During...

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Housing Bank to distribute 32% cash dividendsApril 24, 2016

AMMAN — The Housing Bank for Trade and Finance (HBTF) announced on Saturday in a press statement that it will be distributing cash dividends at a rate of 32 per cent as endorsed by the shareholders during an ordinary general assembly meeting. HBTF Chairman Michel Marto said in the statement that HBTF's pretax profit amounted to JD177 million last year, the highest since its establishment in 1973 and 9.2 per cent higher than the JD162.1 million generated during 2014. Net profit after tax stood at JD124.7 million, JD0.8 million higher than the amount at the end of 2014, when profits reached...

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Qatar First Bank (QFB) announces the listing of all its shares on the Qatar Stock Exchange (QSE) on April 27thApril 23, 2016

QFB, a leading Shari’ah-compliant bank based in Qatar offering investment opportunities and innovative financial solutions with local, regional and international reach, announces the imminent listing of the bank’s shares on the QSE on the 27th April 2016; following the approval of the Qatar Financial Markets Authority (QFMA).


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