Capital Bank

Capital Bank OF Jordan

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Capital Bank Appoints Tamer Ghazaleh as New CEO

The Board of Directors of Capital Bank has appointed Tamer Ghazaleh as the new CEO. With over twenty-six years of banking experience, Ghazaleh held key leadership roles, including Deputy Group CEO of Audi Bank in Lebanon from 2020 to 2024, and as the Group's CFO from 2015 to 2020, previously acting as Deputy CFO.

Ghazaleh has spearheaded financial strategy development and participated in crucial decision-making, particularly as a member of key committees such as the Group Investments Committee and IT Strategic Committee. Moreover, he focused on enhancing financial oversight, managing risks, and ensuring policy compliance.

Commenting on the appointment, Bassem Khalil Al-Salem, Chairman of Capital Bank stated "Ghazaleh's appointment comes as a recognition of his profound banking experience and his exceptional ability to elevate our strategic operations to unprecedented levels of success. With his expertise, we are keen to further strengthen our position as a leading financial entity across Jordan, Iraq, Saudi Arabia, and the UAE."

Al-Salem also praised the remarkable achievements of the Capital Bank team, highlighting significant growth in equity, bank assets, and profitability, as well as the expansion of the bank’s presence both locally and regionally.

Tamer Ghazaleh holds a bachelor’s degree in accounting from the University of Jordan and has completed the Advanced Management Program at Harvard Business School.

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Capital Bank
May 5, 2024

GuarantCo provides Capital Bank of Jordan with a partial guarantee for a portfolio of JOD 88.6 million (c. USD 125 million) to grow the bank’s climate adaptation and mitigation infrastructure portfolio

GuarantCo, part of the Private Infrastructure Development Group (PIDG), has provided a portfolio guarantee of JOD 24.8 million (c. USD 35 million) to Capital Bank of Jordan, for a portfolio of JOD 88.6 million (c. USD 125 million)

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Capital Bank Group Ends the First Quarter of 2024 with Strong Financial Performance, 88% Growth in Profits

Capital Bank Group has announced its financial results for the first quarter of 2024, showcasing a robust start to the year with net profits after taxes surging by 88% to reach JOD 49 million, up from JOD 26 million in the prior period.

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