Capital Bank has won the Strongest Bank in SME Development and Support award in Jordan for 2016. The ceremony, which was held in Beirut by the World Union of Arab Bankers, was attended by more than 500 members of the Arab banking sector, in addition to a large group of senior bankers and international monetary sector figures from regional institutions.
The award was received by Yasser Kleib, Capital Bank's Chief Business Officer, who took the opportunity to express his pride at receiving the award in recognition of the hard work and exceptional programs that Capital Bank offers in support of small and medium companies. He stressed the important role that the banking sector plays in meeting the needs of small and medium enterprises (SMEs) in providing job opportunities and achieving sustainable development.
On the occasion of the bank’s recognition by the World Union of Arab Bankers, Capital Bank General Manager Haytham Kamhiyah said, "We are honored that Capital Bank has been acknowledged through this award because we take great pride in the essential role that the bank has been playing in support of the SME sector." He added that Capital Bank did not limit its SMEs-targeted strategy to only providing financing, but rather, it also extends its focus to the provision of support services, whether legal, technological or administrative. He explained that, in the recent past, the bank has signed three agreements with specialized enterprises to enable SMEs to advance their work, reduce their start-up costs in order to achieve growth and expansion and to strengthen their role in supporting the national economy.
He stated, "We believe in the indispensable role that SMEs play in economic development; therefore, the bank offers specialized personnel and centers at its branches solely dedicated to the service of these enterprises by supporting their financing operations at all levels, offering specialized consultations and determining the necessary funding requirements for them."
By funding SMEs, Capital Bank aims to finance industrial, commercial, service and agricultural projects, as well as medical sectors, pharmaceutical companies and pharmacies. The bank extends to these companies a number of privileges, foremost of which is diverse financing options at competitive interest rates and flexible repayment schedules.