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Arab Bank and Attijariwafa bank: Details of the cooperation protocol

Amman January 13, 2020, the Chairman and Chief Executive Officer of the Attijariwafa bank Group and the CEO of the Arab Bank Group signed on January 13, 2020 a memorandum of understanding which aims to strengthen multilateral cooperation between Morocco, the Hashemite Kingdom of Jordan and the country of presence of the two banking players.

The signing ceremony took place in Amman on the sidelines of the Moroccan-Jordanian investment forum held on the 13th of the current month.

The cooperation agreement between the two parties covers several areas including project finance, capital markets, international trade finance, cash management services and products, and syndicated loans.

On this occasion, Mr. Nemeh SABBAGH, CEO of the Arab Bank Group said:
“The signing of this memorandum is part of our desire to support efforts aimed at strengthening economic and commercial relations between the Kingdom of Morocco and the Hashemite Kingdom of Jordan”. He added “we will work, through our cooperation with the Attijariwafa bank group, to put at the service of companies our common banking know-how and our large network by offering financing solutions and innovative banking services thus participating in the support and development of trade between the two countries”.

On the other hand, Mr. Mohamed Kettani, Chairman and CEO of the Attijariwafa bank group, said: “The cooperative relations between Attijariwafa bank and Arab Bank do not date from today. This memorandum of understanding institutionalizes a strong partnership in various fields in order to better serve our respective customers, not only in Morocco and Jordan but in all the countries where the two banking institutions are present”. He concluded by saying: “The two institutions will work hand in hand to identify trade and investment opportunities in areas of common interest with a view to contributing to their realization. I firmly believe that our geographic complementarity and our combined expertise will be a guarantee of success”.

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