Regulatory Alerts2023-08-03
Added · Updated
Circular Regarding the Cancellation of Standard Chartered Bank - Jordan's License
The Central Bank of Jordan cancels the license of Standard Chartered Bank - Jordan, effective at the end of Thursday, August 10, 2023. The bank's assets and liabilities are transferred to Arab Investment Bank pursuant to a signed agreement between the two entities.
Source: Central Bank of Jordan — original document
Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
In the Name of Allah, the Most Gracious, the Most Merciful
[Logo of the Central Bank of Jordan]
No.: 12508 / 2 / 10 Date: 15 / 1 / 1445 AH Corresponding to: 2 / 8 / 2023 AD
Circular to all banks operating in the Kingdom
Greetings,
Please be informed that the license granted to Standard Chartered Bank - Jordan has been cancelled effective the end of Thursday, corresponding to 10 / 8 / 2023 AD, with the transfer of its assets and liabilities to Arab Investment Bank in accordance with the agreement signed between the two banks and the (Framework) agreement.
Please accept our highest regards,
[Signature] Governor Dr. Adel Al-Sharkas
P.O. Box 37 • Amman 11118 Jordan • Phone 4630301 Fax 4638889 • Website: www.cbj.gov.jo • Email: info@cbj.gov.jo Form (1/1-14/1)
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