Investbank further expands scope of services through its subsidiaries

Chairman of INVESTBANK, Mr. Bisher Jardaneh, underlined the expansion in the scope of services provided by the Bank by offering an array of financial services to large, small and medium-sized enterprises via its subsidiaries that work coherently and ultimately constitutes the unique banking identity of INVESTBANK. 

Mr. Jardaneh expressed his confidence in the Bank’s capability to meet the growing demand of themarket and clients’ needs through its group of subsidiaries which include Al Mawared Brokerage, Al Imdad and Tamkeen Leasing.

Al Mawared Brokerage has successfully managed to maintain its 16th position out of 64 brokerage companies in Jordan; it retained this advanced ranking among other companies during the first half of the year surpassing all the economic circumstances the capital markets experienced. Established in 2006 with a paid-up capital of JD10 million to perform different brokerage services including brokerage, median and margin finance, and it succeeded in providing its services to investors, clients, individuals and enterprises locally and internationally by selling and buying stocks on the Amman Stock Exchange (ASE).

While Al Imdad, established in 2010, is based on the philosophy of considering the goods as collateral for financing, whether the financed goods were purchased, obtained or stored at the Company’s customs warehouses or exempted. Al Imdad manages to provide distinct services to small and medium-sized enterprises and was recently qualified to provide its services to large enterprises as well.

Tamkeen Leasing was established in the first quarter of the year 2011 as the latest addition to INVESTBANK’s group of subsidiaries to meet the growing needs for the operational and financial ‎leasing services that end by possession and that will be structured to comply with the business and the activity of the financer’s sector; targeting entrepreneurs, small and medium-sized enterprises and large institutions in addition to retail outlets compliant with the Islamic Sharia.

“INVESTBANK constantly aims at satisfying the growing market’s needs and clients’ requirements, through our distinct services and group of subsidiaries. We have gone a long way in this domain and work constantly to develop our services to assist the different economic sectors,” Jardaneh concluded.