News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
27
o
Bekaa
21
o
Keserwan
27
o
Metn
27
o
Mount Lebanon
22
o
North
27
o
South
25
o
Live
Video
Audio
Schedule
shows
العربية
watching now
My Journey - من الأوّل
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
27
o
Bekaa
21
o
Keserwan
27
o
Metn
27
o
Mount Lebanon
22
o
North
27
o
South
25
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Series
Movies
Documentaries
Variety
Comedy
Talk Show
News Bulletin
Sports
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Standard Chartered agrees to sell business in Jordan
World
26-03-2023 | 06:47
High views
Share
Share
2
min
Standard Chartered agrees to sell business in Jordan
Standard Chartered (STAN.L) plans to sell its Jordanian business to Arab Jordan Investment Bank (AJIB) (AJIB.AM), the two parties said on Sunday, as the emerging markets-focused lender presses ahead with plans to exit seven markets in Africa and the Middle East.
The bank entered into an agreement with AJIB, subject to central bank approval, which will see Standard Chartered's corporate, commercial and institutional banking, consumer lending and private banking businesses migrated to AJIB.
All Standard Chartered Bank employees in Jordan will be transferred to AJIB, it said an emailed statement.
Standard Chartered's Africa and Middle East CEO Sunil Kaushal said the agreement is aligned with the banks global strategy "to deliver efficiencies, reduce complexity, as well as redirect resources within the Africa Middle East region to areas with the greatest potential to drive scale, grow and better support clients."
AJIB said the purchase falls within the Jordanian lender's strategy to grow its market share in the country, which continues to grow after it acquired HSBC's banking business in Jordan in 2014 and National Bank of Kuwait's banking business in Jordan in 2022.
Standard Chartered in April 2022 said it plans to leave seven markets, consisting of Angola, Cameroon, Gambia, Jordan, Lebanon, Sierra Leone and Zimbabwe.
The bank said at the time it was seeking to exit markets where it is sub-scale and narrow its focus to faster-growing markets in the region, such as Saudi Arabia and Egypt.
Reuters
Standard Chartered
Business
Jordan
Jordanian
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
World News
2025-05-10
Pakistan Defense Minister denies nuclear body meeting after offensive launched on India
World News
2025-05-10
Pakistan Defense Minister denies nuclear body meeting after offensive launched on India
0
Lebanon News
2025-07-05
Sources to LBCI: Lebanese Mufti, Syrian President dismiss Israeli claims over land swap deal
Lebanon News
2025-07-05
Sources to LBCI: Lebanese Mufti, Syrian President dismiss Israeli claims over land swap deal
0
News Bulletin Reports
13:11
Weapons, withdrawal, and a warning: US envoy’s high-stakes offer — will Lebanon seize the deal or face the unknown?
News Bulletin Reports
13:11
Weapons, withdrawal, and a warning: US envoy’s high-stakes offer — will Lebanon seize the deal or face the unknown?
0
News Bulletin Reports
2025-07-05
US envoy Tom Barrack’s message to Lebanon: One country, one people, one army
News Bulletin Reports
2025-07-05
US envoy Tom Barrack’s message to Lebanon: One country, one people, one army
Videos
d-none hideMe
0
Lebanon News
2025-07-01
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
Lebanon News
2025-07-01
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
0
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
0
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
0
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
0
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
0
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
0
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
0
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
0
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
Most read
d-none hideMe
24 hours
7 days
Month
1
News Bulletin Reports
13:11
Weapons, withdrawal, and a warning: US envoy’s high-stakes offer — will Lebanon seize the deal or face the unknown?
News Bulletin Reports
13:11
Weapons, withdrawal, and a warning: US envoy’s high-stakes offer — will Lebanon seize the deal or face the unknown?
2
Lebanon News
11:48
With US envoy set to arrive, Samir Geagea warns Lebanon risks wasting rare opportunity
Lebanon News
11:48
With US envoy set to arrive, Samir Geagea warns Lebanon risks wasting rare opportunity
3
Lebanon News
05:13
Hezbollah’s Naim Qassem: Resistance will continue, Israel is the real problem
Lebanon News
05:13
Hezbollah’s Naim Qassem: Resistance will continue, Israel is the real problem
4
Lebanon News
05:32
Lebanon's PM calls for full implementation of Taif Agreement, including arms control
Lebanon News
05:32
Lebanon's PM calls for full implementation of Taif Agreement, including arms control
5
News Bulletin Reports
13:02
Palestinian leadership scales back Beirut ambassador’s role, eyes further changes — the details
News Bulletin Reports
13:02
Palestinian leadership scales back Beirut ambassador’s role, eyes further changes — the details
6
News Bulletin Reports
13:10
No breakthrough as Trump-Netanyahu meeting nears, with aid and ceasefire terms stalling Gaza deal
News Bulletin Reports
13:10
No breakthrough as Trump-Netanyahu meeting nears, with aid and ceasefire terms stalling Gaza deal
7
Israel-Gaza War Updates
05:21
Mediators tell Hamas new round of Gaza talks to begin in Doha: AFP
Israel-Gaza War Updates
05:21
Mediators tell Hamas new round of Gaza talks to begin in Doha: AFP
8
World News
10:10
New US tariff rates to kick in Aug 1 barring trade deals: Treasury Secretary
World News
10:10
New US tariff rates to kick in Aug 1 barring trade deals: Treasury Secretary
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More