Jordan Kuwait Bank was named the "Best Bank in Jordan" by The Banker, a leading publication and part of the Financial Times Group in London. The award came in recognition of the bank's exemplary financial position, performance, strategic initiatives, and technological advancements, marking a year of notable milestones.
Haethum Buttikhi, CEO of Jordan Kuwait Bank, accepted the award at a ceremony in London on November 30, 2023, attended by distinguished personalities from the banking sector and representatives from various global banks.
In 2022, JKB demonstrated remarkable financial growth, which continued into the third quarter of 2023, setting new records. A significant focus was placed on modernizing the bank’s IT infrastructure, leading to the establishment of three eco-friendly data centers that align with the latest global standards. This move significantly enhanced the efficiency of the bank's technology resources and markedly improved the performance of its operational systems. The bank also made strides in digital banking with the launch of its flagship application, "JKB Mobile," at the end of 2022. The app is designed to elevate digital services, enrich customer experiences, and ensure uninterrupted communication with customers, available 24/7 from anywhere in the world.
March 2023 marked another significant development with the issuance of Jordan's first green bond. This initiative reflects the bank's commitment to supporting Jordan's transition to a green economy, fostering the green finance market, funding sustainable and eco-friendly projects, reducing greenhouse gas emissions, and creating new financing opportunities. This move is also anticipated to contribute to reducing unemployment rates. Additionally, the bank issued its first perpetual bonds locally, reinforcing its capital base to support regional expansion and diversify future revenue streams.
“Being awarded this title is a testament to our strong reputation and the trust we've cultivated in both local and international banking markets, underpinned by our exceptional banking solutions and customer-focused experiences,” commented Buttikhi. "We deeply value this recognition, which is the result of the unwavering support of Board of Directors, the dedication of our employees, and robust partnerships with global banks and financial institutions. We are dedicated to delivering superior banking services and solutions, aspiring to more achievements and prestigious awards in the future. This accolade solidifies our leading position and underscores our commitment to spearheading the evolution of Jordan’s banking sector."
The Banker, renowned for its financial and banking expertise worldwide, continues to be a primary source of industry insights through its monthly publications. As a cornerstone in the world of finance, it serves as a barometer for the health and trends of the banking sector worldwide, offering in-depth analyses of the intricate workings of financial markets.