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MENAFN Press - 04/08/2010
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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 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. About Capital InvestmentsCapital Investments is a wholly-owned subsidiary of Capital Bank with a paid-up capital of JD 10 million (USD 14 million). As Capital Banks investment arm, Capital Investments provides its clients with specialized investment banking and financial services such as financial market reports and analysis, securities brokerage, investment portfolio management, financial structuring of ventures, IPO management and arranging corporate bond issues and syndicated loans. About Aqaba Container Terminal (ACT) ACT is a joint venture between Aqaba Development Corporation (ADC) which is the Jordanian Government's central development vehicle for the Aqaba Special Economic Zone (ASEZ) and APM Terminals one of the world's leading container terminal operators. After signing a Terminal Management Contract with ADC in 2004, APM Terminals took over the management and operation of the terminal. A further 25year Joint Development Agreement (JDA) was signed between ADC and the ACT in 2006. The joint venture represents the first Public Private Partnership (PPP) initiative launched by ADC as part of its program to rehabilitate and expand port terminals of Aqaba and wider logistics and transport infrastructure within ASEZ.Tel: 962 6 5692008/9Fax: 962 6 5692007P.O. Box: 930391, Amman 11193, Jordan

 


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