Bank al Etihad Acquires Investbank to Create Major Jordanian Lender
Deal News | May 16, 2025 | Zawya
Jordan's Bank al Etihad has announced the acquisition of Investbank, marking a significant consolidation in the Jordanian banking sector. This stock-for-stock acquisition aims to create one of the kingdom's most substantial financial entities, with a combined equity value exceeding $1.4 billion. Bank al Etihad, recognized for its retail banking services, will integrate Investbank's private banking portfolio, thereby strengthening its market position domestically and regionally. The Central Bank of Jordan has been an advocate for such consolidations within the crowded banking sector, comprising 16 commercial banks. The unified institution, projected to hold assets worth 11 billion dinars ($16 billion), anticipates expansive growth opportunities across the region. Official approvals are still pending, with both banks planning extraordinary general meetings for further discussions.
Sectors
- Banking
- Financial Services
Geography
- Jordan – The entire acquisition and business operations discussed in the article are based in the country of Jordan.
Industry
- Banking – The article discusses a merger between two banks, Bank al Etihad and Investbank, within Jordan's banking industry.
- Financial Services – Both banks involved offer financial services, including retail and private banking, thus fall under the financial services sector.
Financials
- $1.4 billion – Total equity value of the merger between Bank al Etihad and Investbank.
- 11 billion dinars ($16 billion) – Combined assets projected post-merger.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bank al Etihad | Bidding Company | Company | One of Jordan's largest banks, primarily offering retail financial services. |
| Investbank | Target Company | Company | A Jordanian bank focused on private banking services. |
| Central Bank of Jordan | Regulatory Authority | Government | Regulatory body encouraging consolidation in Jordan's banking sector. |
| Basem Salfiti | Official Commentator | Person | Chairman of Bank al Etihad, providing insights into the merger. |