By : Business Editor
Jordan Daily - Bank al Etihad has completed the acquisition of all operations of the Egyptian Arab Land Bank in Jordan, leading to the latter’s full exit from the local market.
Following approval from the Central Bank of Jordan, Bank al Etihad acquired all assets, liabilities, rights and obligations of the Egyptian Arab Land Bank’s Jordan business under a previously signed agreement.
The Egyptian Arab Land Bank has since ceased all operations in Jordan, shutting down its branches, electronic services and automated teller machines (ATMs).
The transaction has been fully executed, ensuring a seamless transition for customers, who will continue to receive banking services through Bank al Etihad without interruption.
