A Jordanian bank is in the process of purchasing Lebanese Audi branches in Jordan and Iraq

by **claud39** on Mon Sep 14, 2020 10:36 am

A Jordanian bank is in the process of purchasing Lebanese Audi branches in Jordan and Iraq

14-09-2020

A Jordanian bank is in the process of purchasing Lebanese Audi branches in Jordan and Iraq %D8%A8%D9%86%D9%83-%D8%A3%D8%B1%D8%AF%D9%86%D9%8A-%D8%A8%D8%B5%D8%AF%D8%AF-%D8%B4%D8%B1%D8%A7%D8%A1-%D9%81%D8%B1%D9%88%D8%B9-%D8%B9%D9%88%D8%AF%D8%A9-%D8%A7%D9%84%D9%84%D8%A8%D9%86%D8%A7%D9%86%D9%8A-%D9%81%D9%8A-%D8%A7%D9%84%D8%A3%D8%B1%D8%AF%D9%86-%D9%88%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82

[rtl]The money bank, known as “CAPITAL BANK” in Jordan, signed a non-binding and exclusive agreement to acquire the banking business of the Jordan and Iraq branches of the Lebanese Bank Audi.[/rtl]

[rtl]The bank stated that it obtained the approval of the Central Bank of Jordan and Iraq to complete the acquisition of Bank Audi branches and the purchase of their assets and liabilities.[/rtl]

[rtl]The money bank will conduct a study that negates the ignorance of all aspects related to the deal.[/rtl]

[rtl]In a statement late on Monday, First Abu Dhabi Bank said it had agreed with Bank Audi to halt the possible acquisition of ...[/rtl]

[rtl]Bank Audi had announced the realization of profits amounting to about 975 million pounds before deducting income taxes during the first half of this year.[/rtl]

[rtl]He explained in a statement that he recorded net profits amounting to about 651 million pounds during the first half of this year. He pointed out that its total assets approached about 77 billion pounds, while property rights rose to 7 billion Egyptian pounds in June 2020.[/rtl]

[rtl]According to the results of the bank’s business, the capital adequacy rate was recorded at about 24.98%, which reflects the financial efficiency of the bank and its ability to expand investments and financing.[/rtl]

[rtl]The chief executive of Bank Audi, Mohamed Badir, said that the bank’s positive indicators come as a strong boost that strengthens the bank’s presence in the Egyptian banking market strongly and completes its expansion plans in Egypt.[/rtl]
[rtl]He explained that the retail banking portfolio amounted to nearly 9 billion pounds in June 2020, compared to nearly 8 billion pounds in December 2019, an increase of 13%.[/rtl]

https://uabonline.org/%d8%a8%d9%86%d9%83-%d8%a3%d8%b1%d8%af%d9%86%d9%8a-%d8%a8%d8%b5%d8%af%d8%af-%d8%b4%d8%b1%d8%a7%d8%a1-%d9%81%d8%b1%d9%88%d8%b9-%d8%b9%d9%88%d8%af%d8%a9-%d8%a7%d9%84%d9%84%d8%a8%d9%86%d8%a7%d9%86%d9%8a/