Cairo Amman Bank
 | |
| Industry | Finance |
|---|---|
| Headquarters | Wadi Saqra, Jordan |
| Key people |
Mr. Khaled Sabih Al-Masri, Chairman Mr. Mohammad Kamal Eddin Bakri, Vice Chairman Representing Banque Du Caire |
| Products | Financial Services |
| Website | http://www.cab.jo/ |
The Cairo Amman Bank is a full-service bank in Jordan and the Palestinian territories, with headoffice in Amman. The headoffice for the Palestinian territories is in Ramallah. The bank operates about 70 branches and offices in Jordan and 21 in the Palestinian territories. CAB currently ranks 6th in Jordan and 3rd in the Palestinian territories based on assets. It is also ranked 3rd in the Palestinian territories based on the number of branches it has. The bank is a member of the Jonet ATM network in Jordan.
About
Since its establishment as a Jordanian public company in 1960, CAB has been keen on employing its strong capital and its five-decade, well-founded experience to play a distinguished leading role in promoting the national economy through providing a distinct and inclusive range of services and successful banking solutions that fulfill the various needs of its customers. CAB’s pioneer services added a new dimension to the society’s projects by financing the development projects as well as small, medium and micro projects that shore up the Jordanian economy. Additionally, CAB responds to its customers’ instant needs by providing personal loans based on the transfer of the borrower’s salary to CAB. It further provides investment services, credit cards, and bank transfers, using its outstanding integrated network of branches in Jordan and Palestine. CAB provides its customers with a wide range of assorted, innovated banking services that suit all customer categories and meet all their banking, financial and investment requirements. Also, CAB offers a bunch of electronic banking services by means of its website, www.cab.jo, which enables the customers to undertake banking transactions from wherever they may be. These distinct services reflect CAB’s new corporate identity which exemplifies modernity and values of openness and camaraderie in the interest of all customers and to achieve maximum benefits free of traditional restrictions. In line with this, CAB made every effort to cover the entire Kingdom by establishing a presence at the Jordan post centers.
Being keen on making it easier to serve its customers, CAB established a large network of automatic telling machines installed at various areas in Jordan and Palestine. CAB takes pride in being the first bank in the world to introduce the iris print as a means of identification allowing customers to access their bank accounts and doing away with the ATM cards and the pass (secret) number. Thus, the system recognizes the customer and allows him to access his account and complete his banking transaction either at the service counter or at the ATM at the branches. This is done in order to make things easier for the customers and provide them with sufficient protection and security, as CAB believes in leadership in the use of modern technology in the banking sector.
With its banking efficiency, investment and financial capability, and outstanding experience, CAB proceeds forward to prop up the national economy and provide leading banking services that raise the standards of the Jordanian citizen.
History
Cairo Amman Bank was established on January 14, 1960 as a Jordanian public shareholding company and began its banking services on July 1, 1960.[1] At the time, Egypt's Banque du Caire converted its branch in Amman, Jordan, into a locally owned and registered company; Banque du Caire retained a minority position in the bank (12% in 1999), but has since withdrawn almost completely, with Egypt's Banque Misr taking over its stake in 2007.
CAB's first branch was launched in the Palestinian territories in 1961. CAB returned to the Palestinian territories in 1986 with a branch.
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