Capital Bank of Jordan : Concludes Three Consultative Agreements as Part of its Relentless Efforts to Bolster Small and Medium Size Enterprises

Amman, January 2016: In a bid to make available all the necessary legal and administrative expertise and technological solutions for small and medium sized enterprises- SMEs- and to enhance their corporate performance encouraging a conducive environment to augment their role in the national economy, Capital Bank, taking all the above into consideration had signed three ad hoc agreements with specialized consulting firms to solicit their assistance in this respect.

In this context, Haytham Kamhiyah, Capital Bank's CEO highlighted the significance of promoting the competence of SMEs and making all the necessary consultations, scientific and practical expertise available for the leaders of their working force and to consolidate and sustain their achievements. Furthermore, Kamhiyah emphasized the need to continuously improve their services and performance.

The three agreements in question were signed by Kamhiyah acting on behalf of Capital Bank. The first agreement 'Consultative Services to Advance the Potential of SMEs within the Program Ignite 2.0' was signed with Al-Safwa Computer Software with Tamara Abdul Jabir as its CEO.

In this respect, Kamhiyah said that 'This agreement transcends the scope of financial services for SMEs financed by the Bank in order to enable this pivotal sector to attain the much needed consultations in various fields to advance its community performance.' The second agreement was signed with Al-Hammouri and Partners for Legal Consultations represented by Dr. Tarek Al-Hammouri. The agreement aims to make available all the necessary legal consultations Capital Bank's SMEs clients might stand in need for.

The third agreement which was signed with the CEO of International Experts for ICI Rami Ajailat aims to provide SMEs with the information technology systems and automation solutions needed by all Capital Bank's clients.

These signing of the three agreements became took place after the Bank launched a comprehensive marketing campaign for the new services it designed for SMEs including special financial offers to cover their various activities in view of the vital importance attached to this sector in economic growth.

To round off, Capital Bank's CEO said that the portfolio of SMEs with the Bank had surged more than 48% during 2015 which is considered the largest rate of growth ever recorded within the banking system in Jordan. This growth is attributed to the ever increasing importance of these companies and the role they play in enhancing job opportunities for gifted young pathfinders.

It is worthy to note here that the Bank had previously signed another agreement with the representatives of MenaITech Software to help the SME sector avail of the specialized systems in finding solutions to their businesses and limited resources. Representatives of SMEs lauded the efforts of Capital Bank in this respect and its contributions in developing the work of SMEs and providing them with all their necessary needs to promote their businesses.