Regulatory Alerts2022-05-24
Added · Updated
Central Bank of Jordan Circular on Revocation of National Bank of Kuwait (Jordan) License
The Central Bank of Jordan revoked the license of the National Bank of Kuwait (Jordan), effective as of the end of the day on 24 May 2022. The bank's assets and liabilities were transferred to the Arab Investment Bank of Jordan in accordance with a signed agreement between the two entities.
In the Name of Allah, the Most Gracious, the Most Merciful
[Logo of the Central Bank of Jordan]
Number: 8316/2/10 Date: 23/10/1443 AH Corresponding to: 24/5/2022 AD
Circular to all banks operating in the Kingdom
Greetings,
Please be informed that the license granted to the National Bank of Kuwait (Jordan) has been revoked, effective as of the end of the day on 25/5/2022, and its assets and liabilities are transferred to the Arab Investment Bank of Jordan in accordance with the agreement signed between the two banks.
Please accept our highest regards,
[Signature] Governor Dr. Adel Al-Sharkas