Since its establishment in 1995, Capital Bank has pursued its ambitious vision with unwavering determination. Over the years, it has steadily expanded and grown to become a leading regional financial group with operations across key markets.

For three decades, the group has solidified its position as a prominent player in the Jordanian and regional banking landscape, guided by a strategic approach focused on innovation and measured expansion. It has become a model of leadership in the financial sector.

Capital Bank has consistently seized promising investment opportunities, adapted to economic changes, and expanded into new markets. From acquiring strategic stakes in regional banks to launching pioneering digital banking services, expansion has been not just an option, but a core part of the group’s identity and ambition.

From Local to Regional

A major turning point came in 2005 when Capital Bank acquired a majority stake in the National Bank of Iraq (NBI). This move aligned with the bank’s vision to strengthen its regional presence and capitalize on opportunities in the Iraqi market. Today, NBI, which was rated BB by an international credit rating agency and "Very Good" by the Central Bank of Iraq, stands as a leading private-sector bank, serving a large and growing customer base while supporting their financial goals.

A New Identity for Capital Bank

In 2006, Capital Bank (formerly the Export & Finance Bank) underwent a major transformation, unveiling a new brand identity and innovative logo that reflected its forward-looking strategy and commitment to delivering exceptional banking services to all segments of society. The rebranding emphasized Capital Bank’s image as a modern institution, responsive to societal changes and built on strong core values. It highlighted the bank’s belief in renewal and adaptation to keep pace with the dynamic banking sector in Jordan.

Capital Investments: The Bank’s Investment Arm

Also in 2006, Capital Bank launched Capital Investments to enhance its capabilities in investment banking, asset management, and financial advisory services. The company, which currently manages over USD 1 billion in global investments, has earned accolades such as "Best Asset Management Company in Jordan" from International Finance Magazine. Capital Investments serves a wide range of local, regional, and international clients, including major corporations, government entities, and high-net-worth individuals, through expert teams based in Jordan, the UAE, and Iraq. 

An Upgraded International Credit Rating

In November 2008, Capital Intelligence reaffirmed Capital Bank’s strong BBB credit rating, positioning it among the top-rated banks in Jordan. This rating was a testament to the bank’s sound financial position, strategic direction, and management effectiveness. It also enhanced trust with correspondent banks and facilitated regional and international operations.

Strengthening Presence in Iraq

Capital Bank continued to grow its presence in Iraq by increasing its investment in NBI across several stages. Starting in 2011, NBI’s capital was raised to IQD 100 billion, then to IQD 250 billion in 2014, and subsequently to IQD 300 billion in 2023, IQD 400 billion in 2024, and IQD 520 billion in 2025. This reaffirmed the group’s commitment to regional growth and meeting Central Bank of Iraq requirements. New branch openings further expanded NBI’s footprint, making it the largest private bank operating in Iraq.

Strategic Acquisitions: Bank Audi Operations in Jordan and Iraq

In 2021, Capital Bank acquired Bank Audi’s operations in Jordan and Iraq, enhancing its competitive edge and expanding its client base. The acquisition increased the group’s total assets to JOD 3.6 billion.

Milestones in Growth and Transformation

In 2022, Capital Bank achieved several significant milestones, including the acquisition of Société Générale Jordan, further solidifying its regional presence. Within a year, Capital Bank Group’s assets surged by 45%, reaching JOD 6 billion (USD 8.5 billion).

That same year, the bank launched "Blink by Capital," a digital banking channel offering secure and convenient financial management services. Capital Bank also issued USD 100 million in perpetual Tier 1 bonds—the first of their kind in Jordan—listed on Nasdaq Dubai, demonstrating investor confidence in the bank’s strength.

In June 2022, Capital Bank increased its capital by bringing in the Saudi Public Investment Fund (PIF), one of the world’s largest sovereign wealth funds, as a strategic partner with a 23.97% stake. This move supports the group’s expansion plans and product innovation.

Entering the Saudi Market

In line with its regional strategy, NBI opened a new branch in Saudi Arabia in 2023, becoming the first Iraqi bank to do so. The branch aims to serve businesses and entrepreneurs in Iraq, Saudi Arabia, and Jordan, tapping into the region’s largest economy.

Among the Top 50 Banks in the Middle East

In 2023, Forbes ranked Capital Bank Group among the top 50 banks in the Middle East by market value—a significant achievement reflecting its growing strength.

Moody’s Upgrades Capital Bank’s Credit Rating

In April 2024, Moody’s upgraded Capital Bank’s long-term rating from B1 to Ba3, shortly after upgrading Jordan’s sovereign rating. This marks the first such upgrade in 21 years and includes a stable outlook. The bank’s BCA and Adjusted BCA ratings were also affirmed, highlighting Capital Bank’s strong financial position and solid reputation in the Jordanian banking sector.

Global Awards and Recognition

In 2024, Capital Bank received several prestigious awards for its customer service and innovation in digital banking, including Best Digital Bank in Jordan from Euromoney Magazine, Best Mobile Banking App in Jordan from International Business Magazine, and Best Cash Management Bank in Jordan from The Digital Banker.

In early 2025, it won Best Mobile Banking App in Jordan for the second consecutive year and Best Wealth Management Services in Jordan from International Business Magazine, Best Bank in Jordan and Best Banking App from Global Financial Market Review, and Excellence in Data and AI Implementation at the Middle East AI & Data Analytics Summit 2025.

Looking Ahead with Ambition

Over the past 30 years, Capital Bank Group has built a trusted and innovative banking institution anchored in sustainable growth. Each milestone, from its ambitious beginnings to its strategic regional expansion and digital transformation, has reinforced its position as one of the region’s most powerful financial groups.

In Q1 2025 alone, the group achieved a net profit of JOD 50 million after tax and provisions, with total assets reaching JOD 8.2 billion and customer deposits totaling JOD 5.9 billion. NBI is also finalizing its capital increase from IQD 400 billion to IQD 520 billion, underscoring its commitment to growth.

As Capital Bank Group celebrates three decades of leadership and excellence, it sets 2025 as a launchpad for new growth. The group is focused on delivering tailored banking solutions, driving deposit and credit growth, and expanding its investment services.

It continues to strengthen its reputation as an innovative financial institution through investments in digital transformation, AI technologies, IT infrastructure, and cybersecurity. The bank also prioritizes financial inclusion, aligned with Jordan’s national economic modernization plan, by empowering individuals and businesses, optimizing service fees, and ensuring accessibility.

In line with its commitment to environmental, social, and governance (ESG) practices, the group will continue to align with international standards and Central Bank of Jordan directives to support sustainable development goals and green financing.

Capital Bank also promotes a strong corporate culture based on integrity, risk management, and employee wellbeing. It fosters a positive environment that connects employees with stakeholders through shared values, wellness initiatives, and responsible behaviors.

What sets Capital Bank Group apart is not just its record of accomplishments but its ability to turn vision into reality and challenges into opportunities, ensuring it remains at the forefront of the region’s financial future.