Bank al Etihad was established in 1978 as a public shareholding company, with a paid up capital of JDs 100,000,000 and a capital base in excess of JD 235 million and a capital adequacy ratio of 16.91%.
The bank currently operates a network of 25 branches expected to grow to 32 branches by end of year (2012), 3 exchange offices distributed throughout Jordan, in addition to one branch in Ramallah - Palestine.
Bank al Etihad also fully ownsa brokerage firm “Etihad Brokerage†which was established in (2006) and operates one of the best money exchange operations in the Jordanian Market.
Bank al Etihad financed a number of vital and infrastructure projects that hold long term benefits to the country and its citizens in sectors such as electricity, energy, renewable energy, higher education, tourism, water desalination and water treatment. It also offers a variety of products and services that serve corporate clients, SMEs, and targeted segments of retail. In addition to providing Treasury and Investment services.
In 2007, Bank al Etihad engaged McKinsey & Company, one of the world most reputable banking consultants, to support its continuing growth and new business diversification strategy. During 2011 the bank managed to successfully complete and launch several strategic projects including the implementation of a new core banking system, the launch of a new brand and a new branch – retail experience. In addition to the enhancement of various products & services offerings.
The bank was the first in Jordan to launch a full-fledged mobile banking application for smart phones.
Corporate Social responsibility has always been part of the bank’s DNA andits key values; the bank supports local communities and adopts several initiatives mainly in the areas of Education, Youth, Culture and Arts. The bank is a major sponsor to INJAZ youth employment, Madrasati, Children’s Museum, Jordan Festival, Yarmouk University-student scholarships, Al-Aman Fund for the Future of the Orphans scholarships, King Hussein Cancer foundation,the Red Sea Institute for Cinematic Arts, the National Music Conservatory, Al-Balad Theatre, Citadel nights, Jordan River Foundation, the Royal Society for the Conservation of Nature, World Food Program, Al Hassan Youth Award, the Jordan Hashemite Fund for Human Development, and various charity organizations associated with disabilities and special needs citizens.In addition to some educational learning initiatives and schools, such as; the Jubilee School, Baccalaureate school, CMS School, Mashrek School, Bishop School, etc… The bank also offersits own “Halim Salfiti Theater†for free to all musicians and art activities.
