Al-Salem: Three Decades of Growth Reinforce the Group’s Regional Leadership and Support National Economic Sustainability

The General Assembly of Capital Bank shareholders approved the distribution of cash dividends equivalent to 17% of the bank’s capital at its annual ordinary meeting. The meeting was chaired by the Chairman of the Board, H.E. Bassem Khalil Al-Salem, and attended by board members, representatives of the Central Bank of Jordan, the Companies Controller, and CEO Tamer Ghazaleh.

Held on Sunday, May 3, 2026, via video conferencing, the meeting included shareholders, both in person and by proxy, representing approximately 93.24% of the bank’s subscribed and paid-up capital. Shareholders approved the Board of Directors’ report, the consolidated financial statements for 2025, and the group’s future plans.

In his address, Chairman Bassem Khalil Al-Salem described 2025 as a landmark year for Capital Bank Group, which delivered its strongest financial results since founding. He attributed this performance to the strategic direction of the Board and the efficiency of the executive management team. The group’s net profit rose to approximately JOD 201 million, marking a 26% increase, while total assets grew to JOD 8.7 billion and customer deposits reached nearly JOD 6 billion.

Al-Salem added that net credit facilities increased by 12.5% to JOD 3.9 billion, underscoring the group’s solid financial performance and its ability to manage assets and risks effectively.

On the strategic front, Al-Salem noted that the group is pursuing an ambitious growth agenda under the theme “Strategic Expansion and Digital Enablement.” This includes strengthening its regional presence, particularly in Iraq through the National Bank of Iraq, which has established itself as a leading financial institution. The group has also taken key steps to build an integrated financial and technology ecosystem, including the acquisition of Union International Insurance Company and majority stakes in Iraq Electronic Gate for Financial Services (SWITCH) and the Digital Future Company, supporting its regional expansion and evolving customer needs.

He further emphasized that the group has significantly enhanced its digital capabilities and technology infrastructure, recognizing digital transformation as essential to maintaining competitiveness and delivering innovative, customer-focused banking solutions.

Al-Salem highlighted the group’s observing of regional economic developments, particularly in Syria, where it is preparing to play a meaningful role in future reconstruction efforts by supporting economic activity and providing financing to businesses and exporters.

He also reaffirmed the group’s strong commitment to sustainability and social responsibility as core pillars of its strategy. Capital Bank continues to support development and environmental initiatives while promoting youth and women’s empowerment, in full alignment with ESG standards. Al-Salem also praised the prudent regulatory framework of the Central Bank of Jordan, noting its role in enhancing sector stability and strengthening investor confidence in Capital Bank as a leading regional institution.

CEO Tamer Ghazaleh described 2025 as an exceptional year for the group, with record performance across profits, assets, and revenues. Total income rose by 16% to approximately JOD 466 million, while operational efficiency improved to around 39%. The capital adequacy ratio exceeded 15%, reflecting the group’s strong financial position.

In terms of digital transformation, Ghazaleh highlighted the adoption of an advanced data management strategy and significant investments in artificial intelligence technologies using NVIDIA infrastructure to enhance operational efficiency. He also pointed to the launch of the “LEAP” initiative, one of the bank’s largest digital transformation programs, aimed at modernizing core systems, unifying platforms, and strengthening risk management. Non-cash transactions reached nearly 98% of total transactions, alongside continued development of digital solutions for small and medium-sized enterprises.

On human capital and sustainability, Ghazaleh emphasized the integration of ESG principles into the group’s core operations. He highlighted the signing of a $155 million green subordinated loan agreement with a consortium of six international lenders, the largest of its kind in Jordan. He also noted the group’s investment in talent development through executive programs in partnership with institutions such as Harvard University and London Business School, as well as initiatives like “Capital Academy” to develop future leaders.

Capital Bank also recently announced its financial results for the first quarter of 2026, reflecting continued stability despite current economic conditions. Net profit reached JOD 38.4 million, while gross income stood at approximately JOD 108 million.

Total assets reached JOD 8.5 billion during the first quarter, with customer deposits at JOD 5.8 billion. Shareholders’ equity stood at JOD 841.4 million, bringing total equity close to JOD 1 billion.