National Bank of Kuwait has halted its operations in Jordan
27 May 2022, 12:00 AM
30 June 2022, 12:00 AM
The National Bank of Kuwait has halted its operations in Jordan after the sale of its banking business to the Arab Jordan Investment Bank.
The bank said in a statement that all assets and liabilities will be transferred to the Arab Jordan Investment Bank, as of May 25, including accounts balances, deposits and loans.
Meanwhile, the Central Bank of Jordan terminated the license of the National Bank of Kuwait as of Wednesday.