Original disclosure @ EBRD website
Updated in EWS Nov 1, 2022
Disclosed by Bank Oct 20, 2022
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According to bank provided information, the project involves the provision of a senior unsecured loan of up to USD 30 million to Capital Bank, to (i) finance the expansion of Capital Bank's digital bank "Blink" in Jordan and (ii) on-lend to private underserved micro, small and medium-sized enterprises ("MSMEs") in Jordan through "Blink".
The EBRD loan will support Capital Bank in its digitalization strategy through its Neo Bank "Blink", which aims to provide integrated digital banking services to underserved MSMEs.
Capital Bank ("CB") is a universal commercial bank and the 3rd largest in Jordan with market shares of 8.3% and 7.8% in terms of assets and loans as at H1 2022. Capital Bank was established in 1999 and is listed on the Amman Stock Exchange. CB serves to corporates, SMEs, and retail clients through its 39 branches across Jordan.
+962 6 5100200 (ext: 2886/2887)
Al Abdali, Sulaiman Alnabulsi Street, Building 26, Amman, Jordan
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