Jordan’s Capital Bank agrees to buy assets from Lebanon’s Bank Audi

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Jordan’s Capital Bank Group finalized a deal on Tuesday to acquire Lebanese lender Bank Audi’s businesses in Iraq and Jordan in move to diversify its operations and expand its presence in the region, the bank’s chairman said.

The agreement, which both parties agreed not to disclose its value, comes after securing the necessary approvals from Jordan’s Central Bank and the Central Bank of Iraq, Jordan’s Capital Bank Group Chairman Bassem Al-Salem told Reuters.

Reuters

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