Capital Bank has signed a USD 135 million Green Subordinated Loan (Tier 2) as one of the largest of its kind led by The European Bank for Reconstruction and Development (EBRD) along with a consortium of reputable international financial and regional institutions. The 10-year facility reflects growing international confidence in Jordan’s economy and highlights Capital Bank’s ambitious strategy and strong financial position.

The agreement was announced at an official ceremony held under the patronage of the Governor of the Central Bank of Jordan, H.E. Dr. Adel Al-Sharkas, in the presence of Capital Bank Group Chairman, H.E. Bassem Khalil Al-Salem, Capital Bank CEO, Tamer Ghazaleh, and representatives of the participating institutions.

The facility qualifies as Tier 2 regulatory capital under the Central Bank of Jordan’s capital regulations based on Basel III standards. The consortium of International Financial Institutions was led by the European Bank for Reconstruction and Development (EBRD) and include ILX Fund, the OPEC Fund for International Development (OPEC Fund), the Arab Fund for Economic and Social Development (Arab Fund), the Green for Growth Fund (GGF), and the SANAD Fund for MSME.

This financing supports Capital Bank’s growth plans, expands its capacity to fund green projects, and strengthens its support for small and medium-sized enterprises, in line with the Bank’s commitment to sustainable economic development in the Kingdom.

H.E. Bassem Khalil Al-Salem, Chairman of Capital Bank Group, said, “This syndicated financing reflects the trust that international financial community places in the resilience of Jordan’s economy and its attractive investment environment, as a result of the Central Bank of Jordan efforts and the government’s clear vision to support inclusive and sustainable economic growth in the Kingdom. The importance of this deal relies on financing projects that will have a sustainable impact by enabling various SMEs sectors that will empower youth and women”.

Tamer Ghazaleh, CEO of Capital Bank, said: “We are proud to partner with leading international development finance institutions. This agreement reinforces Capital Bank’s market leadership and ability to deliver sustainable growth. The loan supports our sustainability vision and enhances our capacity to finance projects that advance the transition to a more sustainable, environmentally responsible economy, in line with Jordan’s Economic Modernization Vision, the Paris Agreement, and other global initiatives. We remain committed to innovative financing solutions that help grow the green economy and enable small and medium-sized enterprises to achieve lasting success.”

Mark Davis, EBRD Managing Director for the Southern and Eastern Mediterranean region said: “This is a clear demonstration of how international financial institutions are deepening their collaboration to drive economic growth and accelerate the expansion of green finance. We are proud to have played a leading role in this consortium and to have pioneered the A/B loan structure in Jordan.”

OPEC Fund President Abdulhamid Alkhalifa said: “This financing underscores the OPEC Fund’s strong partnership with Jordan and commitment to private sector–led growth. Together with Capital Bank and our co-financing partners, we are strengthening the financial sector’s capacity to support green investments and small enterprises that generate jobs and long-term economic opportunities.”

“I am proud to announce this strategic investment in Capital Bank Jordan, marking the beginning of a strong and forward-looking partnership,” said SANAD Board Chair, Sandra Rohleder. “This subordinated loan reflects SANAD’s unwavering commitment to the country with over USD 200 million invested in Jordan since the inception of the fund, supporting small and medium-sized enterprises (SMEs) - an essential engine of economic growth and innovation. By joining forces with Capital Bank, we aim to foster inclusive financial services that empower entrepreneurs and strengthen the resilience of the SME sector.”

Simon Gupta, GGF Board Chairperson said, “for GGF, empowering local financial institutions like Capital Bank is key to accelerating the green transition. This investment not only expands access to climate finance in Jordan but also reinforces the role of the private sector in driving sustainable growth.”

"We are proud to partner with Capital Bank and other reputable lenders to support climate finance and small businesses, the main engine of growth," says Fawzi Yousef Alhunaif, Director General and Chairman of the Board. "Arab Fund’s strategic involvement will ensure that our financing reaches the enterprises that need it most, guided by the Central Bank’s SME definition."