Latest news with #BankalEtihad
Finextra
09-06-2025
- Business
- Finextra
Bank al Etihad to add carbon insights tool to mobile banking app
Bank al Etihad is excited to announce a new partnership with ecolytiq (a Berlin-based fintech providing sustainability-focused solutions to financial institutions) and Visa, a world leader in digital payments, to introduce a carbon insights tool within its mobile banking app, reinforcing the bank's commitment to promoting sustainability through digital innovation. 0 The tool will provide customers with their carbon footprints based on their debit and credit card transactions. Using localised data tailored to each country and covering a wide range of lifestyle categories, it offers personalised insights into customers' consumption patterns and environmental impact, enabling them to make responsible choices for a more sustainable future. "We believe that awareness is the first step towards change," said Nadia AlSaeed, CEO of Bank al Etihad. "By allowing customers to visualise the environmental impact of their activities, we hope to encourage them to make greener choices and support the global effort to mitigate climate change." Mario Makary, Vice President, and Levant Cluster Manager at Visa added: "We are excited to announce the launch of the Visa Eco bundle with Bank Al Etihad in Jordan. This collaboration embodies our commitment to innovation and our dedication to providing our customers with sustainable and convenient financial solutions. We look forward to seeing the positive impact this will have on our customers and the environment.' David Lais, Co-Founder and Managing Director at ecolytiq, said: 'As the leading digital bank in Jordan, Bank al Etihad recognizes the need to adapt for the future, which includes the role they have in inspiring more sustainable behaviors. ecolytiq is proud to partner with Bank al Etihad to develop a carbon insights tool and help enable a more sustainable tomorrow for their community, while strengthening their leadership in the Levant region.' In addition to the carbon insights tool, Bank al Etihad customers will have access to a wealth of climate education content and sustainable living recommendations. This resource aims to nurture a climate-conscious lifestyle and facilitate a positive shift in consumer behaviour. This partnership underscores Bank al Etihad's commitment to environmental responsibility by leveraging its products, services, and brand to drive sustainable commerce. It also supports the transition to a low-carbon economy, aligning with the global goals of the Paris Agreement and local objectives of Jordan's Nationally Determined Contributions (NDCs).
Jordan News
03-06-2025
- Business
- Jordan News
Bank al Etihad partners with ecolytiq and Visa to integrate carbon insights tool into mobile banking app - Jordan News
Bank al Etihad is excited to announce a new partnership with ecolytiq (a Berlin-based fintech providing sustainability-focused solutions to financial institutions) and Visa to introduce a carbon insights tool within its mobile banking app, reinforcing the bank's commitment to promoting sustainability through digital innovation. اضافة اعلان The tool will provide customers with their carbon footprints based on their debit and credit card transactions. Using localised data tailored to each country and covering a wide range of lifestyle categories, it offers personalised insights into customers' consumption patterns and environmental impact, enabling them to make responsible choices for a more sustainable future. "We believe that awareness is the first step towards change," said Nadia AlSaeed, CEO of Bank al Etihad. "By allowing customers to visualise the environmental impact of their activities, we hope to encourage them to make greener choices and support the global effort to mitigate climate change." Mario Makary, Vice President and Levant Cluster Manager at Visa, added: "We are excited to announce the launch of the Visa Eco bundle with Bank al Etihad in Jordan. This collaboration embodies our commitment to innovation and our dedication to providing our customers with sustainable and convenient financial solutions. We look forward to seeing the positive impact this will have on our customers and the environment.' David Lais, Co-Founder and Managing Director at ecolytiq, said: 'As the leading digital bank in Jordan, Bank al Etihad recognises the need to adapt for the future, which includes the role they have in inspiring more sustainable behaviours. ecolytiq is proud to partner with Bank al Etihad to develop a carbon insights tool and help enable a more sustainable tomorrow for their community, while strengthening their leadership in the Levant region.' In addition to the carbon insights tool, Bank al Etihad customers will have access to a wealth of climate education content and sustainable living recommendations. This resource aims to nurture a climate-conscious lifestyle and facilitate a positive shift in consumer behaviour. This partnership underscores Bank al Etihad's commitment to environmental responsibility by leveraging its products, services, and brand to drive sustainable commerce. It also supports the transition to a low-carbon economy, aligning with the global goals of the Paris Agreement and local objectives of Jordan's Nationally Determined Contributions (NDCs). About Bank al Etihad Bank al Etihad is a banking and financial institution dedicated to serving customers since 1987. With a strong presence in Jordan, the bank comprises several entities, including a financial brokerage company (Etihad Brokerage) and a financial leasing company (Etihad Leasing Company). Furthermore, Bank al Etihad holds a 10% ownership stake in the National Bank in Palestine and actively participates on its board of directors. In 2017, Bank al Etihad acquired a controlling stake in Safwa Islamic Bank. About Visa Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at About Visa, and @Visacemea About ecolytiq ecolytiq enables financial institutions and their customers to drive climate action. The ecolytiq product suite enriches a traditional banking experience with information to understand an individual's environmental impact, as well as personalised climate insights and actions to help measurably reduce one's carbon footprint. Having partnered with leading financial institutions such as Bank al Etihad and Visa, ecolytiq operates globally to leverage payment data for a better, more sustainable banking experience
Yahoo
17-05-2025
- Business
- Yahoo
Bank al Etihad to acquire Investbank
Bank al Etihad and banking solutions provider Investbank have announced Jordan's largest banking merger. Both the companies' respective boards of directors have approved a strategic merger under which Bank al Etihad is set to acquire 100% of Investbank's share capital. This acquisition will be executed through a capital increase by Bank al Etihad, where newly issued shares will be allocated to Investbank shareholders in exchange for their full ownership transfer. The merger will result in Investbank being integrated into Bank al Etihad, which will remain the surviving entity, in compliance with relevant legal and regulatory requirements. Upon completion, Bank al Etihad's capital is expected to rise to Jd325.2m ($458.6m), with total equity projected to reach approximately Jd1bn ($1.41bn). The combined total assets will approach Jd11bn ($15.5bn), positioning Bank al Etihad as one of the largest banking institutions in the country. Both banks have committed to retaining their employees, acknowledging the significance of human capital in achieving success and maintaining stability. They aim to create a supportive work environment that enables professionals to excel in this new phase. Basem Salfiti will continue as chairman of the board, while Fahmi Abu Khadra is set to become vice chairman, pending board approval. Muntaser Dawwas is expected to be appointed as CEO, subject to approval from the Central Bank of Jordan. Her excellency Nadia Al-Saeed will remain in her position until the transition is finalised. The merger will be presented to the general assemblies of both banks during extraordinary meetings scheduled for 25 June 2025. This will mark the beginning of the formal procedures, pending the necessary regulatory approvals from the Central Bank of Jordan, the Ministry of Industry and Trade / Companies Control Department, and the Jordan Securities Commission. In 2023, Bank al Etihad partnered with Swiss fintech NetGuardians to enhance its fraud prevention capabilities by implementing NetGuardians' AI-driven payment fraud prevention solution. "Bank al Etihad to acquire Investbank" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Zawya
16-05-2025
- Business
- Zawya
Jordan's Bank al Etihad to buy smaller Investbank, bank officials say
AMMAN - Jordan's Bank al Etihad has acquired smaller peer Investbank in a deal that will create one of the kingdom's biggest lenders, bank officials said on Thursday. The two banks' boards agreed to a stock-for-stock acquisition that will create an entity with a total equity value of over $1.4 billion, Bank al Etihad Chairman Basem Salfiti, told Reuters. "This will allow the bank to continue and accelerate its growth trajectory with the right resources and strong capital base," Salfiti said. The Central Bank of Jordan has long encouraged mergers among a robust and well capitalised banking sector with over $100 billion in assets. Officials say the market is overcrowded with 16 commercial banks. Bank al Etihad, one of Jordan's biggest lenders, provides a range of mainly retail services while Investbank is focused on private banking. The proposed deal will be presented to extraordinary general meetings of both banks scheduled for June 25. It requires final approvals from regulatory authorities, bank officials say. The combined assets would be 11 billion dinars ($16 billion), positioning Bank al Etihad among the largest banks in the country, Salfiti said. The merger would allow Bank al Etihad to expand its operations in the domestic market and regionally where it would be looking for opportunities, he said. (Reporting by Suleiman Al-Khalidi; Editing by Elaine Hardcastle and Emelia Sithole-Matarise)
Zawya
15-05-2025
- Business
- Zawya
Bank al Etihad and INVESTBANK announce Jordan's largest banking merger
Bank al Etihad and INVESTBANK have announced that their respective Boards of Directors have approved a strategic merger under which Bank al Etihad will acquire 100% of INVESTBANK's share capital. The acquisition will be carried out through a capital increase by Bank al Etihad, with all newly issued shares allocated to INVESTBANK shareholders in exchange for transferring full ownership of their shares to Bank al Etihad. This move sets the stage for the formal merger of INVESTBANK into Bank al Etihad (the surviving entity), in accordance with applicable legal and regulatory frameworks. This merger marks a major milestone in Jordan's banking sector, creating a unified institution with significantly enhanced capital and operational strength. Following the completion of the transaction, Bank al Etihad's capital will increase to JOD 325.2 million, with total equity reaching approximately JOD 1 billion. Combined total assets will rise to nearly JOD 11 billion, positioning Bank al Etihad among the largest national banking institutions. The transaction represents a significant achievement and is aligned with the Central Bank of Jordan's strategy to encourage mergers that create stronger, more resilient financial institutions, particularly given the vital role banks play in supporting the national economy. This step is part of a well-considered strategic vision aimed at reinforcing the bank's local presence and driving regional expansion. The newly formed entity will benefit from greater operational flexibility and wider geographic reach, enabling it to access new market segments and grow its customer base both locally and regionally. It will also be well-positioned to deliver integrated financial services that meet the evolving needs of individuals and businesses. Both banks reaffirm their commitment to retaining employees, recognizing the essential role of human capital in sustaining success and maintaining institutional balance. They are dedicated to fostering a stable work environment that empowers talented professionals to thrive in this new phase. Basem Salfiti will continue to serve as Chairman of the Board, while Fahmi Abu Khadra will assume the role of Vice Chairman (subject to board approval). Muntaser Dawwas will be appointed CEO, pending approval from the Central Bank of Jordan. Her Excellency Nadia Al-Saeed, the current CEO, will continue in her role until the transition to the next phase is complete. The merger will be presented to the general assemblies of both banks in separate extraordinary meetings scheduled for June 25, 2025. This step will initiate the completion of all formal procedures, pending the necessary regulatory approvals from the relevant authorities, notably the Central Bank of Jordan, the Ministry of Industry and Trade / Companies Control Department, and the Jordan Securities Commission.
