#Jordan #Amman #Bank al Etihad #INVESTBANK #Jordan Banking

Historic Merger in Jordan's Banking Sector

In a groundbreaking move for the financial landscape in Jordan, Bank al Etihad and INVESTBANK have embarked on a monumental merger that reshapes the banking sector's dynamics. On June 25, 2025, shareholders from both institutions granted approval for this landmark transaction, setting the stage for the largest banking deal in the country’s history.

The extraordinary general assemblies of both banks convened to finalize a share-based acquisition in which Bank al Etihad will attain 100% ownership of INVESTBANK. This strategic partnership is positioned to create a more powerful banking entity, ready to enhance service efficiency and customer experiences across the board.

With the agreement now in effect, the next steps involve formal regulatory procedures that are paramount to the merger’s progression. These include obtaining clearance from various regulatory bodies, notably the Central Bank of Jordan and the Jordan Securities Commission. As part of this deal, Bank al Etihad has successfully increased its capital to JOD 325.2 million, which plays a crucial role in facilitating this acquisition.

Enhancing Operational Synergies

The merger's intrinsic goal is to align the operational frameworks of the two banks, creating a consistent and optimized structure that enhances productivity. The coming months will witness the integration of teams, systems, and processes, striving for seamless service delivery to clients without any interruption. In this transitional phase, INVESTBANK will continue to serve its clientele actively, ensuring that existing services remain unaffected.

This merger is not merely a financial transaction; it symbolizes a commitment to innovation and competitive strength in a rapidly changing financial environment. Both institutions highlight the importance of human capital and express their eagerness to welcome INVESTBANK's employees into the fold, recognizing their contributions as integral to future success.

A Vision for Sustainable Growth

Chairmen Mr. Basem Salfiti of Bank al Etihad and Mr. Fahmi Abu Khadra of INVESTBANK jointly praised this merger as the culmination of a robust institutional relationship built on mutual trust and respect. They view this partnership as a strategic move towards reinforcing their market position while expanding their ability to adapt and grow in Jordan's evolving financial scenery.

The leaders of the banks expressed profound gratitude towards the regulatory authorities for their unwavering support throughout the merger process, noting the confidence shareholders have shown in this strategic decision. They also acknowledged the dedication of their teams, who worked diligently to bring this historic deal to fruition.

Upon completion of the merger, the combined entity's total assets are projected to be approximately JOD 11 billion, with shareholders' equity exceeding JOD 1 billion. This significant milestone marks a new chapter in Jordan’s financial history, paving the way for a brighter and far more resilient banking system that benefits individual clients and businesses alike.

As this landmark merger progresses, all eyes will be on how the newly combined bank evolves and responds to market challenges, setting standards for innovation and service excellence within the region's banking sector.