Capital Bank sponsor of Jordan International Investment Conference 

(MENAFN Press) Helping stimulate investment activities by highlighting the promising opportunities in the Kingdom

Amman, November 2009 – In line with its goals aimed at elevating the local investment sector and particularly the banking sector , and as part of its commitment to its vision and mission towards making a positive change in the current Jordanian investment market thus stimulating economic development, and enhancing Jordan’s competitiveness, Capital Bank announced its participation in the first Jordan International Investment Conference as the official bank sponsor of this two-day event, which His Excellency the Prime Minister Eng. Nader Dahabi inaugurated on Wednesday, 11th of November 2009.

The conference was held in the King Hussein Bin Talal Convention Center in the Dead Sea and was attended by Her Royal Highness Princess Sumaya Bint Al Hassan, and was organized by the Jordan Investment Board, Jordan Businessmen Association, Jordan Chamber of Commerce, Jordan Chamber of Industry, and Jordan Enterprise Development Corporation.

The conference was attended by a number of ministers, experts and leading local figures involved in the investment scene in the Kingdom, in addition to hundreds of businessmen and major investors from over 23 Arab and foreign countries. Capital Bank’s participation involved the setting up of an official booth, in addition to a speech given by Mr. Haytham Kamhiyah, Capital Bank's General Manager, who expressed his pride in the Bank’s involvement in this conference, and spoke of the importance of attracting foreign investment to accelerate the pace of national economic development and promote Jordan as a rich investment destination. Mr. Kamhiyah also highlighted the banking sector’s most notable achievements and its ability under the leadership of the Central Bank of Jordan to overcome the global economic crisis that has affected various sectors, which confirms the Kingdom’s ability to attract substantial regional and international investments.

Mr. Kamhiyah confirmed during his speech the Bank’s role in supporting the local investment scene, stating: “The banking system plays an important role in financing a number of large investment projects through loan syndication. Capital Bank is currently focusing on providing this type of loan through our investment arm, Capital Investments, which we believe plays a vital role, especially in current times, in financing domestic and regional investments. Capital Bank also offers its customers advisory services on rescheduling projects in order to become the ideal investment partner to our clients and remain their first investment choice.”

While commenting on the importance of the small and medium enterprises (SME) sector and its contribution to the national economy, Mr. Kamhiyah said: “We at Capital Bank believe in the tangible economic role of the SME sector. That is why we have established a new SME financing department as part of our interest in serving SMEs with ambitious investment visions that deserve the support to enhance their operations. We constantly strive to create a suitable business environment by presenting financial advisory and financing services that suit our SME customers’ circumstances and requirements, with the aim of enabling them to benefit from the investment opportunities within the Jordanian economy and encouraging them to grow their business and increase the level of their productivity and competitiveness.”