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Bank of Jordan Expands Branch Network in Iraq, Reaffirming Regional Positioning


Date: 02/10/2025

Bank of Jordan announced a major strategic expansion into the Iraqi market with the opening of three new branches. This significant move, which consolidates the bank's position as a leading regional financial institution, includes a second branch in Baghdad's Mansour neighborhood, as well as new locations in Basra and Erbil.

The announcement was made in the presence of Mr. Saleh Hammad, Chief Executive Officer of Bank of Jordan, underscoring the bank’s commitment to supporting economic development in Iraq, meeting customer needs, and fostering sustainable growth. This expansion establishes an extended network that strategically covers the country's vital economic centers in the central, northern, and southern regions.

As a key pillar of the banking sector in the region, the Bank of Jordan Group operates with a balanced approach that combines innovation and responsibility. Through integrated financial solutions tailored to individuals and companies, the group continues to support economic development while staying aligned with market trends. With its regional network spanning Jordan, Palestine, Iraq, and Bahrain—and plans underway to expand into Saudi Arabia—the bank plays an active role in promoting financial inclusion, attracting quality investments, and building more advanced and sustainable economies both locally and regionally.

Commenting on the occasion, Mr. Saleh Hammad said, “Iraq is not only a market for us, it represents a pivotal pillar in our regional expansion path. The opening of three new branches in Baghdad, Basra, and Erbil is a major milestone in our plans to strengthen our presence in one of the most important Arab markets. We are working to build an integrated banking network across Iraq’s vital economic centers, building on a legacy of more than six decades and a strong financial base that has cemented our position as a leading regional group driving development and innovation and raising financial sector standards in the region.”

He further noted, “Our thoughtful approach and extensive experience have enabled us to achieve continuous growth and expand our customer base, reinforcing our role in supporting economic development and providing advanced banking solutions that align with market aspirations.”

He, then, concluded, “With this expansion, we are placing our full capabilities and expertise at the service of the Iraqi market, financing major projects, supporting reconstruction and development efforts, and consolidating Iraq’s role as a regional economic engine. This will create an attractive investment environment, foster sustainable growth, and remain aligned with future aspirations. Our commitment to opening branches is a commitment to genuine partnership in building the future of the banking sector and advancing economic integration in the region.”

It is worth noting that Bank of Jordan, established in 1960 as one of the first Jordanian national banks, has evolved into a leading regional financial institution. With ambitious plans to expand into new markets, the bank continues to reflect its prestigious position and sustained leadership in the banking sector.