Hand grenade erupts at Arab Bank Amman branch

Published November 25th, 2002 - 02:00 GMT

Jordan’s Arab Bank was a target for violence on Saturday when unidentified attackers threw a hand grenade at the roof of one of the institution’s Amman branches. The assault caused minor damage with no casualties reported. 

 

The explosion pierced a hole in a back wall of the one-story, white-stone building located in an upscale district of the city. Initially, it was believed an old gas cylinder in the bank's cafeteria exploded, however police later on said they were exploring whether a bomb could have been the cause of the blast. 

 

Jordanian banks have been attacked in the past by Islamic militants. Earlier this month, the nation’s armed forces rounded up individuals who were accused of carrying out the assaults during a raid on a terrorist stronghold in the city of Maan. 

 

The Arab Bank is the Kingdom’s largest financial institution and one of the leading banks in the region. It was established in 1930 and operates a branch network throughout the Middle East, Europe and Asia. Arab Bank entities in Europe comprise the majority share of total assets, loan portfolio, deposits and revenue while the Arab countries are now second. 

 

The Bank also has a 64.24 percent share in Arab Tunisian Bank, a 55 percent share in the Arab Investment Bank and a 30-50 percent share in associated companies in Oman, Saudi Arabia and Lebanon. — (menareport.com) 

 

 

© 2002 Mena Report (www.menareport.com)


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