ROAMMAN BANK is a full-service bank in Jordan and Palestine, headquartered in Amman. Headquartered in Ramallah in the Palestinian territories. The bank has approximately 84 branches and offices in Jordan and 21 in the Palestinian territories. CAB is ranked 6th in Jordan and 3rd in the Palestinian territories by 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.

History

Cairo Amman Bank was established on January 14, 1960 as a Jordanian publicly held company and began providing banking services on July 1, 1960. At that time, Banque du Caire of Egypt converted its branch in Amman, Jordan into a locally owned and registered company; Banque du Caire retained a minority stake in the bank (12% in 1999), but has since withdrawn almost entirely and Banque Misr of Egypt took over its stake in 2007. CAB's first branch was established in the Palestinian territories in 1961. CAB returned to the Palestinian territories in 1986 with a branch.

CAB was the first bank in the world to start operating an ATM using iris recognition technology, which was first deployed in 2006. To date, iris recognition ATMs have facilitated more than 1.20 million transactions worth $422 million. When the Syrian refugee crisis began, the United Nations High Commissioner for Refugees (UNHCR) adopted CAB's iris recognition ATMs to issue financial assistance to refugees. CAB was the first bank in the world to introduce iris printing as a means of identification, allowing customers to access their bank accounts and cancel ATM cards and pass (secret) numbers. The system identifies the customer and allows him to access his account and complete his banking transactions at the service counter or at the branch's ATM.

Profile

To expand its coverage in Jordan, CAB established a presence at the Jordan Post Office