The Housing Bank for Trade and Finance Stock

The Housing Bank for Trade and Finance provides various banking and financing products and services.

The company operates through its headquarters in Amman - Jordan and through its branches in Jordan; and abroad in Palestine and Bahrain; and through its subsidiaries in Jordan, Syria, Algeria, and the United Kingdom.

The bank owns the following subsidiaries:

Foreign Subsidiaries

International Bank for Trade and Finance / Syria: The bank owns 49.063%. The bank has the power to control the operating, financial, and administrative policies of this bank. The bank's main intention is to conduct commercial banking activities. In addition, the International Bank for Trade and Finance has a subsidiary - The International Financial Center/ Syria with an ownership percentage of 85%, whereas the company owns a percentage of 5%.

Housing Bank for Trade and Finance - Algeria: The main intention of this bank is to conduct commercial banking activities.

Jordan International Bank / London: The bank conducts all banking activities.

Local Subsidiaries

International Financial Center Company / Jordan (the bank owns 77.5%): The company's main activity is financial brokerage in Amman Stock Exchange (ASE) and other exchange markets (Stock markets) in the Hashemite Kingdom of Jordan and outside Jordan, and it conducts purchase and sale transactions of financial instruments for customers and the company.

Specialized leasing Company / Jordan, of which the bank owns 100%: The company's main activity is to conduct finance leases for various types of equipment and machinery, in addition to real estate, land, vehicles, and other items purchased by the company for finance lease purposes.

Jordan Real Estate Investments Company (Under Liquidation) - Jordan: The bank owns 100%. The company's General assembly approved the company's liquidation on March 1, 2022.

Deposits

The company's deposits are current accounts and demand deposits, saving deposits, time and notice deposits, certificates of deposit, and other deposits.

Business Sectors

The bank operates through four main business sectors:

Retail Banking: Retail Banking sector includes following up on deposits of individual customers and small businesses, and granting them loans, debts, credit cards, and other services.

Corporate: Corporate sector includes following up on deposits, credit facilities and other banking services for institutional and corporate clients.

Corporate Finance: The activity of Corporate Finance sector relates to arranging structured finance and providing services relating to privatizations, IPOs, and mergers and acquisitions.

Treasury: Treasury sector includes providing trading and treasury services and the management of the bank's funds in money and capital markets.

History

The Housing Bank for Trade and Finance was founded in 1973. The company was incorporated in 1973.