Bank of Kuwait Jordan is a Jordanian publicly held company established in 1976 that has successfully developed over the past few years into a major player in the Jordanian banking system. The bank currently operates a domestic network of 62 branches and offices throughout Jordan, in addition to a branch in Cyprus. The bank's paid-in capital has gradually increased from 5 million JD in 1976 to 100 million JD ($141m) in 2008. According to the bank's website, its philosophy is based on the idea of bringing capital into Jordan from other Arab countries, especially Kuwait.
Related Organizations
Bank of Kuwait Jordan holds a controlling stake of more than 50% in United Financial Investment Company (Jordan) and a 10% stake in Gulf Bank Algeria.
In 2018, it acquired a 10% stake in Al Quds Bank. Following the completion of the transaction, Bank of Kuwait Jordan's Palestinian branch was merged with Al Quds Bank.
