Amman Cairo Bank signs agreement with JT Group to provide its branches with digital communications service

Amman, 4th February 2007

Jordan Telecom Group and Cairo Amman Bank signed an agreement under which all branches will be connected via high speed digital services that will provide staff with direct and high tech communications channels.  Signing the agreement were CEO Mickael Ghossein and Amman Cairo Bank Chairman Khaled Al-Masri with the aim of facilitating intercommunications and data transfer among the branches so as to speed up procedures and enhance work efficiency.  The move also provides the Bank's main office with 155 MBS fiber optic connectivity.

Ghossein welcomed the agreement as a step that will enable the Group to demonstrate its high tech capabilities, and asserted the role of available communications and information technologies in supporting the Kingdom's economic, industrial and investment activity.  "Our cumulative achievements which were geared during the past six years towards developing the basic infrastructure for communications and information technology have provided the market with advanced services of international standards," said Ghossein.  He said the Group's readily available infrastructure is scalable and can meet the growing and expanding needs of the country, also asserting that it can operate alternative solutions in cases of emergency.

Masri said Amman Cairo Bank has always sought to maintain excellent relations with its clients and to build a highly reputable reputation among other institutions in the financial sector.  He said the agreement came to fulfill the Bank's strategy of staying abreast with developments in the communications and information sector and obtaining high tech communications solutions for its branches.  He added that such services, which have been made possible through the agreement, will further raise the level of services rendered to clients.

Amman Cairo Bank, which started operations in Jordan back in 1960, is ranked as the fourth largest bank in the Kingdom in terms of assets, trusts and the protection of investors' interests.  It is also ranks as the bank with the largest number of branches in the West bank and second largest in Jordan.