Through the agreement, SMEs will be able to apply for credit facilities through the bank’s website, and receive answers in a fast, easy and safe manner,, allowing a vast number of companies in this vital sector to benefit from this important service and giving them a path to the best banking services in the nation. Capital Bank has always been a staunch supporter of SMEs, which it considers the backbone of the Jordanian economy due to their pivotal role to provide work opportunities. Historically, the sector has contributed to the enhancement of productivity and income, and is considered low risk compared to larger enterprises.

Capital Bank Head of Institutional Banking Yasser Kleib said that the agreement is an extension of the efforts exerted by the bank to support SMEs, providing them with a variety of comprehensive financial and investment solutions to help them prosper and grow.

Also commenting on the signing, Moor said, “We are excited about our partnership with Capital Bank, which we envision will change the funding environment for SMEs. This cooperation is an extraordinary opportunity that will help counteract some of the challenges that SMEs face when trying to obtain access to capital in Jordan.”

Capital Bank SMEs and Commercial Banking Director Maen Ayoub said that the SME sector is a fundamental part of the Jordanian economic sphere, representing the largest local business sector and playing an important role in supporting and driving the national economy. He went on to add that Capital Bank, in cooperation with international and regional financing organizations, will provide a variety of flexible financing facilities to SMEs. Ayoub stressed the importance of the partnership between Capital Bank and Liwwa, which will further the bank’s efforts in supporting SMEs, an integral pillar of its extensive five-year strategy.  

Throughout the coronavirus pandemic, Capital Bank worked tirelessly to support the SME sector through international agreements and partnerships with local initiatives. The bank took part in the National Loan Guarantee Program, which was launched by the Central Bank of Jordan in cooperation with the Jordan Loan Guarantee Corporation, to facilitate financing for professionals, tradesmen and entrepreneurs at lower interest rates in order to help them counter the effects of the pandemic.