Jamaica
1. Bank of Jamaica -
The Bank of Jamaica, established by the Bank of Jamaica Law (1960), began operations in May 1961, terminating the Currency Board System which had been in existence from 1939. The establishment of the Central Bank was in recognition of the need for an appropriately regulated financial structure to encourage the development process, particularly as Jamaica was about to embark on the road to political independence.
The main objectives of the Central Bank were defined by the Bank of Jamaica Act to be :
- To issue and redeem notes and coins.
- To keep and administer the reserves of Jamaica.
- To influence the volume and conditions of supply of credit so as to promote the fullest expansion in
production, trade and employment, consistent with the maintenance of monetary stability in Jamaica and the
external value of the currency.
- To foster the development of money and capital markets in Jamaica
- To act as banker to the Government.
In the earlier years, the Central Bank's role tended to be of a largely reactive nature as the institution grappled with several national and international developments. However, in recent years, monetary policy implementation has been characterized by a more proactive stance, as the Central Bank has actively sought to encourage the appropriate environment for economic growth and development. In this regard, in 1985, in collaboration with the International Bank for Reconstruction and Development, the Central Bank introduced a programme for financial reform - The Financial Sector Reform Programme (FSRP). This initiative was aimed at more effective intermediation, through the encouragement of market forces and the strengthening of the Central Bank's capacity to implement monetary policy.
Address : Nethersole Place, PO Box 621, Kingston, Jamaica.
Website : www.boj.org.jm, Phone number : 876-922-0750
2. First Caribbean International Bank Ltd -
CIBC FirstCaribbean is a major Caribbean bank offering a full range of market-leading financial services in Corporate Banking, Retail Banking, Wealth Management, Credit Cards, Treasury Sales and Trading, and Investment Banking. It is the largest, regionally-listed bank in the English-and Dutch speaking Caribbean. The bank has over 3,400 staff; 69 branches, 22 banking centres, and seven offices in 17 regional markets.
On October 14th, 2002, Barclays Bank PLC based in London, United Kingdom and Canadian Imperial Bank of Commerce (CIBC) based in Toronto, Canada combined their retail, corporate and offshore Caribbean banking operations and launched FirstCaribbean International Bank. FirstCaribbean brought together two complementary and leading financial services businesses in the Caribbean, and the promise to offer our customers enhanced products and improved and extended access to banking services. On December 22nd, 2006, CIBC became the majority shareholder in the organisation, now holding 91.5% of the bank’s shares in CIBC FirstCaribbean International Bank. CIBC is a leading North American financial institution serving clients in Canada and around the world. It was recently named the strongest bank in North America and the third strongest bank in the world.
On June 20, 2011 we proudly announced that we would be co-branded under the CIBC banner, adopting the branding CIBC FirstCaribbean. The addition of CIBC to the FirstCaribbean brand emphasizes CIBC’s long-term commitment to the Caribbean region, our employees and our clients. The brand combines the strength of two powerful organizations with CIBC FirstCaribbean representing the proud heritage and uniqueness of the Caribbean, backed by the financial strength of CIBC. Our clients and our employees across the Caribbean will continue to benefit from the long-term investment that CIBC is making in the Caribbean – a history that dates back to our first branches opened in 1836.
CIBC FirstCaribbean intends to play a key role in the growth and development of the region, its countries and its people. As part of its corporate social agenda, CIBC FirstCaribbean contributes to hundreds of organizations at national, regional and local levels. The bank is committed to partnering with communities in the 17 countries in which it operates. Through the FirstCaribbean International Comtrust Foundation, CIBC FirstCaribbean International Bank dedicates 1% of its profits to community partnership causes each year.
Address : 23-27 Knutsford Blvd, Kingston 5, Jamaica.
Website : www.cibcfcib.com, Phone number : 876-929-9310
3. National Commercial Bank -
Through the NCB Foundation we engage communities in a range of socially relevant activities like education, sporting activities and the development of the physical environment. Engaging the community in social causes assists in empowering people. With this in mind, we believe that engaging people (be it offline or online), is relevant to development of the NCB community and highlighting the activities or contributions made by all stakeholders to building a better Jamaica.
We have decided to create a portal to showcase the social side of NCB - MyNCB. MyNCB looks at connecting with the society (including non-NCB customers). We want to share our experiences with you and invite you to interact with us through any of the spaces on the established social media sites. My NCB seeks to relate with its users by providing them with other platforms :
- Gallery
- Photo Albums
- Webinars
- Videos
Address : 32 Trafalgar Road, Kingston 10, Jamaica.
Website : www.jncb.com, Phone number : 876-996-2213
Japan
1. The Bank of Fukuoka -
The Bank of Fukuoka Ltd., together with its subsidiaries, provides various financial products and services in Japan. The company involves in the sorting and shipping of mails and documents; calculation-related office work; creation, sorting, storage, and delivery of documents and certificates; adjustment, confirmation, and storage of cash; printing and binding of documents and certificates; provision and management of supplies; and maintenance, acquisition, and leasing of real estate and facilities. It also engages in the assessment and management of assets for the purpose of collateral for credit related to lending funds and other credit provisions; credit management and collection; consulting and mediation related to credit management and collection; collection and business agent services for monetary claims other than special financial claimable assets; buying and selling securities, and mediation of commissioning; underwriting and offering securities; and handling private placement and other securities services. In addition, the company involves in credit card business; revitalization support; and lending money and negotiating drafts. It operates primarily through 147 branches in Fukuoka Prefecture and 12 branches in Kyushu area. The company was founded in 1877 and is headquartered in Fukuoka, Japan. The Bank of Fukuoka Ltd. operates as a subsidiary of Fukuoka Financial Group Inc.
Address : 2-13-1 Tenjin, Chuo-ku, Fukuoka, 8100-8727, Japan.
Website : www.fukuokabank.co.jp, Phone Number: 81-92-723-2131
2. The Bank of Kyoto -
For financial services in Kyoto, proper protocol might involve a visit to The Bank of Kyoto. The regional bank serves Kyoto and neighboring prefectures through more than 145 offices. The bank serves businesses, particularly small and medium-sized local companies, as well as individual consumers. In addition to traditional deposit banking and lending, The Bank of Kyoto and its subsidiaries offer credit cards, leasing, stock brokerage, and business consulting services. The bank has worked to expand its operations beyond its home base and has opened branches to the north in the Kinki Region. Technology also is a priority for the bank. It often introduces new communications and security systems for customers.
Address : 700, Yakushimaecho, Shimogyo-Ku Kyoto, Kyoto, 600-8416 Japan.
Website : www.kyotobank.co.jp, Phone number: 81-75-361- 2211
3. The Bank of Yokohama -
Reflecting Yokohama’s heritage as a port city, the "Three Ships" represents eternal prosperity, with customers, shareholders and bank employees （the "Three Ships"） growing hand in hand with harmony. The three ideas underlying the concept we are working to realize are as follows :
- We aim to become the bank that is trusted. We will do this by fully recognizing our traditional role in ensuring a stable supply of funds, and in providing the kind of financial services demanded by the community by
conducting our business in as thorough a manner as possible.
- In each areas of our market, we aim to become a community bank deeply rooted in its locality, with each branch working to be the “best bank,” growing through contribution to the community and in concert with it.
- We aim to be a bank that serves all the community, and is a great place to work at, by developing and training dynamic talents and fostering energetic culture.
Based on our Management Philosophy, the Bank of Yokohama strives to support an orderly credit environment and contribute to our region´s growth and prosperity by ensuring a stable supply of funds and offering quality financial services. We fulfill our corporate social responsibility (CSR) by putting this management philosophy into practice.
To ensure our position as a financial institution that is attractive to customers, shareholders, employees and communities, we encourage all employees to think and act independently, and to assimilate ideas and expertise from inside and outside the Bank. While constantly ready to take on the challenge of new initiatives, we also maintain the flexibility to adapt continually to changes in our business environment. We contribute to our region through three key Regional Social Initiatives: "Corporate Leadership Activities", "Community-Based Voluntary Activities", and " Self-Planning Programs". Through our Self-Planning Programs, which consist of activities focusing on children, we aim to generate increased vitality and growth in our region by nurturing the children who will build the society of the next generation.
Address : 1-1,Minatomirai 3-chome,Nishi-ku,Yokohama,Kanagawa220- 8611,Japan.
Website : www.boy.co.jp, Phone number: 81-45-225-1111
4. The Chiba Bank -
The Chiba Bank, Ltd. (株式会社千葉銀行 Kabushiki-gaisha Chiba Ginkō?) (TYO: 8331) is the biggest bank in Chiba Prefecture, Japan. Listed on the Nikkei 225, it has branches in Osaka, New York, London, and Hong Kong.
Chiba Bank is the third-largest of Japan’s 64 regional banking groups in terms of total assets. As of March 2008, it had total assets of ¥9.8 trillion and a loan portfolio topping ¥6.6 trillion, which also made it one of the world's 200 largest banks. It employs a full-time staff of 3,675. The bank is headquartered in Chiba Prefecture, which lies adjacent to Japan’s capital Tokyo on Tokyo Bay and has one of the most important industrial concentrations anywhere in Japan. Chiba Bank has a 36.6% market share of lending and a 23.0% share of all deposits in the prefecture. Of the bank's network of 173 branches, 154 are within Chiba Prefecture.
The bank’s strategy is to expand its branch network into adjacent prefectures along Tokyo-bound commter rail lines. It is also putting an emphasis on developing southern Chiba Prefecture as a tourist and resort area, particularly around the city of Kamogawa. The bank is well-managed and, although it posted a net loss in FY3/02 in finally clearing up 1980-vintage non-performing loans, it has since recorded six straight years of record earnings.
Address : 1-2 Chiba-minato, Chuo-ku, Chiba City, Chiba 260-8720 Japan.
Website : www.chibabank.co.jp, Phone number: 81-43-245-1111
5. Japan Post Bank -
Japan Post Bank Company Limited (株式会社ゆうちょ銀行 Kabushiki-gaisha Yū-cho Ginkō, commonly abbreviated to ゆうちょ銀行 (Yū-cho Ginkō), or just ゆうちょ(Yū-cho)), is a Japanese bank headquartered in Tokyo which is part of the Japan Post Holdings postal and financial services group. As of November 2008 it was reported as being the world's biggest deposit holder. It is one of only two banks to have branches in every prefecture in Japan, the other being Mizuho Bank.
History
Postal savings was introduced to Japan in 1875 and operated as a government department until privatization of the postal service was passed under the government of Prime Minister Junichiro Koizumi. The bank was established on 1 September 2006, as part of the reorganisation of Japan Post into Japan Post Holdings. Prior to 2009, Japan Post was not connected to the Japanese Bankers Association (Zenginkyo) payment processing network, making it impossible to wire money directly between Japan Post and most other Japanese banks. Japan Post Bank joined the network in January 2009 and became a full JBA member in October 2011.
Products
Unlike most commercial banks, Japan Post Bank is primarily a savings institution. Its only loan products are overdraft lines secured by time deposits and Japanese government bonds on deposit with the bank. Japan Post Bank offers a nationwide ATM network which can be used to withdraw money with international bank cards and credit cards.
Corporate Governance
JAPAN POST BANK will be a company with committees, and establish the nomination, audit and compensation
committees. Under the management meeting, it will also set up special committees, such as the risk management
committee, the compliance committee and the ALM committee.
JAPAN POST BANK will establish the inspection & audit department that is independent from departments to be
audited, and this department will support the audit committee.
JAPAN POST BANK will introduce the “integrated risk management” method, as well as the RCSA method
against operational risks to implement quantitative and qualitative risk management according to risk
characteristics.
JAPAN POST BANK will establish a compliance supervisory office, where compliance officers will be assigned. It will also post personnel in charge of compliance at each office.
JAPAN POST BANK will reinforce the system for managing and supervising the agent (JAPAN POST).
Address : 1-3-2 Kasumigaseki, Chiyoda-ku, Tokyo 100-8798, Japan.
Website : www.jp-bank.japanpost.jp, Phone number : 81-33-504-4411
6. The Norinchukin Bank -
The Norinchukin Bank is a financial institution established by Japan Agricultural Cooperatives (JA), Japan Fishery Cooperatives (JF), Japan Forestry Cooperatives (JForest) and other members of the agriculture, fishery and forestry cooperative system. As a private financial institution based on the Norinchukin Bank Law, The Norinchukin Bank plays a major role in Japanese society as a contributor to the development of the nation's economy and as a supporter of the advancement of the agricultural, fisheries and forestry industries through the provision of financial services to its members.
As the national-level financial institution for agricultural, fishery and forestry cooperatives in Japan, The Norinchukin Bank plays a major role in Japanese society as a contributor to the development of the nation's economy and as a supporter of the advancement of the agricultural, fisheries and forestry industries with facilitated finance for its members including Japan Agricultural Cooperatives (JA), Japan Fishery Cooperatives (JF) and Japan Forestry Cooperatives (JForest).
With the stable funding base provided by capital from JA, JF, and JForest, as well as JA Bank and JF Marine Bank deposits from their individual members and customers, the Bank, to achieve its mission, lends funds to members, agricultural, fishery and forestry workers, and companies related to the agricultural, fisheries and forestry industries. The Bank also conducts various lending and investment activities in Japan and abroad, efficiently manages funds and stably returns profits to its members.
Address : 13-2, Yurakucho 1-chome, Chiyoda-ku, Tokyo 100-8420.
Website : www.nochubank.or.jp, Phone number : 81-33-279- 0111
7. The Oita Bank -
The Oita Bank is a Japan-based regional bank which serves the southwestern Kyushu area of Japan. The Bank operates in three business segments. The Banking segment is engaged in the provision of deposit, loan, security trading and investment, domestic and foreign exchange, future transactions, bond underwriting and registration services. The others segment is involved in credit card, computer-related, credit guarantee, investment and financing businesses. The Oita Bank was established in 1893 in Oita Prefecture, Kyushu, in the southwest of the Japanese archipelago and today serves customers through more than 100 branches.
The Oita Bank Ltd is a regional bank mainly engaged in the provision of financial services. The Bank operates in three business segments. The Banking segment is engaged in the provision of deposit, loan, security trading and investment, domestic and foreign exchange, futures transactions, bonds underwriting and registration services. The Leasing segment is engaged in the provision of leasing services. The Others segment is involved in credit card, computer-related, credit guarantee, computer-related business, investment and financing businesses. As of March 31, 2012, the Company had nine consolidated subsidiaries.
Address : 3-4-1, Funai-machi, OITA-SHI870-0021, Japan.
Website : www.oitabank.co.jp, Phone number : 81-97-534-1111
8. Resona Bank -
Resona Bank Limited is a subsidiary of Resona Holdings, one of the largest banking groups in Japan. The Bank provides current and savings accounts, mortgages, car loans, home loans and education loans, debit and credit cards, pension and insurance products, online and phone banking, investment trust products and currency exchange services. The Bank was formerly known as a Daiwa Bank Ltd and changed its name to Resona Bank in 2003, after merger with Asahi Bank. The company was established in 1918 and is headquartered in Tokyo. At March 31, 2012, Resona Bank had ¥28,007,997 million (US$338.00 billion) in total assets and ¥20,849,974 million (US$251.62 billion) in deposits. It has an A2 long-term rating from Moody’s.
Resona Bank, Limited engages in the banking and trust banking activities primarily in Japan. It primarily accepts current, ordinary, savings, and time deposits, as well as deposits at notice; and consumer and housing loans to individuals. The company also manages and administers customer assets, including pension funds, as well as offers financial services, information, and consultation. In addition, it offers investment trust products, foreign currency deposits, fund management plans, retirement plans, government bonds, and foreign debt products; car loans, education loans, and home improvement loans; individual annuity, life and medical insurance products, and trust and guardian ship services; and telephone banking services, debit and credit cards, and currency exchange services. The company was founded in 1918 and is headquartered in Tokyo, Japan. Resona Bank Ltd. is a subsidiary of Resona Holdings, Inc.
Address : 5-65, Kiba 1-Chome Koto-Ku, Tokyo, 135-8582, Japan.
Website : www.resona-gr.co.jp/resonabank, Phone number : 81-36-704-2111
9. Shinsei Bank Ltd. -
Shinsei Bank, Limited (株式会社新生銀行 Kabushiki-gaisha Shinsei Ginkō?) is a Japanese commercial bank headquartered in Chuo, Tokyo.Shinsei Bank is the successor of a trust bank, the Long-Term Credit Bank of Japan, which had a government monopoly on the issuance of many long-term debt securities. Following the collapse of the Japanese asset price bubble in 1989, the bank was riddled with bad debts: the government nationalized it in 1998, and it was delisted from the Tokyo Stock Exchange. After several proposed mergers with domestic banks, LTCB was sold to an international group led by US-based Ripplewood Holdings in March 2000 for ¥121 billion, the first time in history that a Japanese bank came under foreign control. Investor Christopher Flowers also played a major role in the buyout syndicate and remains a key shareholder of the company today.
As part of the purchase and sale agreement, the government included a "defect warranty provision" (瑕疵担保条項 kashi tanpo jōkō?) to the effect that Shinsei could demand within the next three years that the government purchase any claims which had fallen by twenty percent or more from book value. A similar provision was afforded Aozora Bank, the successor of LTCB's similarly beleaguered sister company Nippon Credit Bank.
LTCB was relaunched as "Shinsei Bank" (literally "Newborn" or "New Life" Bank) in June 2000, with new management and services. Many of Shinsei's managers have previous experience working for foreign financial institutions in Japan, such as CEO Thierry Porte (formerly of Morgan Stanley) and CIO Jay Dvivedi (formerly of Citibank).[4] Shinsei continued to use the Long-Term Credit Bank SWIFT code (LTCBJPJT).
Shinsei used the defect warranty provision to dispose of all the worst debts owed to the bank. Several companies which had used LTCB as their primary bank went bankrupt as a result, including Sogo (July, 2000) and the Dai-Ichi Hotel. This created a furor in Japan: politicians especially criticized Goldman Sachs, which advised on the sale of LTCB, for not warning the government of the risks inherent in the defect security provision.
Shinsei then raised ¥230 billion in an IPO on February 20, 2004. The purchase of Shinsei thus turned a profit of over ¥100 billion within four years. The success of the IPO intensified criticism of Shinsei, however: the government was estimated to have lost ¥4-5 trillion on the deal between lost investments and forced purchases of bad debt, and the profits from the deal even escaped Japanese taxation through the use of a foreign investment partnership. In April 2004, the bank exchanged its long-term credit banking license for a standard commercial banking license.
The Financial Services Agency issued an improvement order to Shinsei on June 29, 2007 after the revenues of the company fell dramatically below targets.
On April 25, 2009, it was announced that Shinsei Bank and Aozora Bank have entered into negotiations to integrate their operations in the summer of 2010, with an eye toward an eventual merger, however the talks collapsed in May 2010 amid disputes over capitalization and business strategy, as well as the abatement of the 2008 financial crisis.
In 2008, the bank sold its headquarters building near Hibiya Park and its operations center in Meguro in order to avoid falling below targets again due to investment writedowns during the subprime crisis in the United States. Shinsei moved its headquarters to the Nihombashi area of Chuo City in January 2011.
Address : 4-3, Nihonbashi-muromachi 2-chome, Chuo-ku, Tokyo, Japan.
Website : www.shinseibank.com, Phone number : 81-35-511-5111
Jordan
1. Arab Jordan Investment bank -
The Arab Jordan Investment Bank (AJIB) is Jordan’s leading investment and private bank. AJIB offers a wide variety of investment, commercial and private banking products and solutions tailor-made to suit the requirements of our discerning clientele. AJIB continues to leverage its resources; technology and banking best practices to meet and exceed the ever growing needs of corporate, high net-worth individuals and sophisticated clients in Jordan and the region.Over the past thirty two years, AJIB grew to become a major player in the region’s investment banking scene, providing its clients with corporate finance services including mergers and acquisitions, equity capital markets (IPOs and secondary offerings), transaction advisory services, project finance and equity research.
AJIB serves clients through 25 branches and offices covering major locations in Jordan, assisted with an advanced network of 24 ATMs distributed throughout the Kingdom. The Bank has expanded to provide services outside Jordan through its branch in Limas sol-Cyprus, as well as a representative office in Tripoli-Libya. In 2006 the Bank established Arab Jordan Investment Bank (Qatar) L.L.C. in the Qatar Financial Center to serve our clients in Qatar and the Gulf region. The United Arab Jordan Company for Investment and Financial Brokerage is a subsidiary of the Bank dedicated to serving our clients investment needs at the Amman Stock Exchange. Arab Advisors Group, the Bank’s research subsidiary, is the recognized regional leader in research in the fields of finance, telecom, IT, and media. Its research offerings are highly regarded by the region’s leading professionals.
Address : Shmeisani–Thaqafah Street, P.O Box 8797, Amman 11121, Jordan.
Website : www.ajib.com, Phone number : 962-65-607-126
2. Bank of Jordan -
Since its been founded in 1960, Bank of Jordan has become one of the leading banks in the Kingdom. For more than 52 years, Bank of Jordan has adapted continuous development and improvement schemes in all of its activities and areas of expertise. Since its establishment, BoJ has kept abreast with the rapid developments in the commercial banking industry, both locally and regionally. Bank of Jordan provides comprehensive and diversified products and service to meet the different demands and aspirations of the wide range of cliental. The total number of branches operating across the Kingdom and Palestine reached 96 branches and offices. The bank has a network of more than 141 ATMs spread over the country.
Our Vision :
To be a pioneering bank that excels in providing products and services, offers comprehensive financial solutions and acquires an advanced position in the Arab region.
Our Mission :
To build amicable relations with our customers, optimize the returns to shareholders and contribute to social advancement by providing comprehensive financial solutions through high-quality and efficient service channels and modern business environment that comprise an excelling team of employees.
Address : Al-Shmeisani-Abdul Hameed Sharaf St., P.O.Box 2140 Amman 11181 Jordan.
Website : www.bankofjordan.com, Phone number : 962-65-696-277
3. Cairo Amman Bank -
The Cairo Amman Bank is a full-service bank in Jordan and the Palestinian territories, with headoffice in Amman. The headoffice for the Palestinian territories is in Ramallah. The bank operates about 70 branches and offices in Jordan and 21 in the Palestinian territories. CAB currently ranks 6th in Jordan and 3rd in the Palestinian territories based on assets. It is also ranked 3rd in the Palestinian territories based on the number of branches it has. The bank is a member of the Jonet ATM network in Jordan.
History
Cairo Amman Bank was established on January 14, 1960 as a Jordanian public shareholding company and began its banking services on July 1, 1960.[1] At the time, Egypt's Banque du Caire converted its branch in Amman, Jordan, into a locally owned and registered company; Banque du Caire retained a minority position in the bank (12% in 1999), but has since withdrawn almost completely, with Egypt's Banque Misr taking over its stake in 2007.
CAB's first branch was launched in the Palestinian territories in 1961. CAB returned to the Palestinian territories in 1986 with a branch.
Address : Arar Street, Wadi Saqra, P.O. Box 950661, Amman 11195, Jordan.
Website : www.cab.jo, Phone number : 962-78-8001333
4. Central Bank of Jordan -
Foundation
Jordan set out preparations to establish the Central Bank of Jordan (CBJ) in the late 1950s. The Law of the CBJ was enacted in 1959. Thereafter, its operational procedures were commenced on the first day of October 1964. The CBJ succeeded the Jordan Currency Board which had been established in 1950. The capital of the CBJ, which is totally owned by the government, was increased gradually, from one million to 18 million Jordanian Dinars. The CBJ enjoys the status of an independent and autonomous corporate body, although its capital is owned entirely by the government.
Objectives and Functions of the CBJ
The law establishing the CBJ stipulates that "the objectives of the Central Bank shall be to maintain monetary stability in the Kingdom, to ensure the convertibility of the Jordanian Dinar, and to promote the sustained growth of the Kingdom's economy in accordance with the general economic policy of the government." To achieve the above-mentioned objectives, the CBJ's functions have evolved to include the following :
1- Issuing and regulating bank notes and coins
The CBJ is the sole issuer of the Jordanian currency. The CBJ, accordingly, ensures the availability of bank notes and coins to meet the needs of the national economy, and maintains an adequate inventory of these bank notes and coins for the same purpose. The CBJ also re-issues the Jordanian currency and replaces damaged, soiled, and mutilated bank notes. In addition, the CBJ issues commemorative coins.
2- Maintaining and managing the Kingdom's reserves of gold and foreign exchange
The CBJ is responsible for determining the suitable investment opportunities as well as setting ratios and components of reserves to ensure their safety, liquidity, and profitability, as these reserves constitute a cornerstone in the stability of the Jordanian Dinar exchange rate. To fulfil this task, the CBJ adopts a flexible investment policy that is compatible with the ongoing developments in foreign exchange and international financial markets.
3- Acting as a banker and fiscal agent to the government and public institutions
The CBJ acts as a banker and fiscal agent to the government and public institutions, as it maintains their revenue and expenditure accounts, makes transfers, opens letters of credit, manages and implements loan and trade agreements, and extends credit to the treasury. In addition, the CBJ issues and manages public debt securities on behalf of the government and public institutions in Jordan. Likewise, the CBJ administers, on behalf of the government, Jordan’s subscriptions in international and regional financial institutions, and manages and implements payment agreements between the government and other countries.
4- Acting as a banker to banks and specialized credit institutions
The CBJ maintains banks’ deposits, extends credit to them through advances and rediscounts, and furnishes banks with credit risk information, custody, and electronic clearing services. Besides, the CBJ, sells to and buys from banks, both treasury bills and foreign exchange necessary to cover their external payment needs. Furthermore, the CBJ issues licenses authorizing banks to operate and branch in Jordan.
5- Maintaining the Safety of the Banking System
One of the major tasks of the CBJ is the supervision of the banking system, so as to ensure its soundness, and protect depositors and shareholders. In doing so, the CBJ focuses on increasing the paid up capital, improving the capital adequacy ratio, and expanding the scope of the application of international auditing and accounting standards related to solvency, assets, profitability, liquidity and management. Moreover, the CBJ stresses on the importance of continuous education and training of banks’ employees so that they would keep in pace with developments in the financial market. Furthermore, the CBJ performs on-site and off-site surveillance of licensed banks.
6- Advising the government on the formulation and implementation of fiscal and economic polices
The CBJ proposes, upon its initiative or upon government request, specific suggestions and recommendations related to the prevailing economic, financial and monetary conditions. Besides, it participates in the formulation of economic policies, particularly, in relation to economic development plans. Furthermore, the CBJ has a distinctive role in the regular consultations between Jordanian authorities and international financial organizations, in particular, those related to economic and structural adjustment programs adopted since 1989.
7- Managing monetary problems and participating in containing local economic problems
The CBJ, pursuant to its legal powers, adopts procedures and measures to deal with economic problems to avoid their adverse effects on the Jordanian economy.
8- Regulating credit
The CBJ regulates the quantity, quality, and cost of credit to meet the requirements of economic development and monetary stability. Monetary policy tools available to the CBJ to regulate credit include open market operations, the reserve requirement ratio and the discount rate.
9- Other roles
In addition to the above mentioned functions, the CBJ has effectively participated in the establishment of a number of financial institutions and corporations, such as Amman Stock Exchange, Jordan Mortgage Refinance Company, Jordan Loan Guarantee Corporation, Deposit Insurance Corporation, all of which have played an evident role in supporting economic development efforts in Jordan.
Address : P.O. Box (37) Amman-11118-Jordan.
Website : www.cbj.gov.jo, Phone number : 962-64-630-301
5. The Housing Bank for Trade and Finance -
The Housing Bank for Trade and Finance (HBTF) was established in 1973 as a public shareholding limited company with a capital amounting to half a million JD. The primary focus of the Bank was to provide housing finance, and hence the name. After 24 years of operations, the Bank embarked on a new era, when it diversified its scope and became a comprehensive bank, providing full commercial banking services. The Bank’s capital was increased several times, and currently amounts to JD 252 million; the equivalent of USD 355 million, the Bank’s management has continuosly focused on strengthening its capital base year by year, the total equity amounted to JD 1047 million(USD 1.5 billion) at the end 2012. The Bank’s successful journey has paid off, and it has earned many high credit ratings from international institutions (Moody's, Standard & Poor’s, Fitch, and Capital Intelligence), in addition to winning the prestigious " Bank of the year – Jordan" award from The Banker (2003 , 2011 ) and from Euromoney (2007). In addition, it has also received several other awards and certificates.
Local Certificates of Appreciation and Awards
- The Bank was awarded “Al Kawkab Medal of the First Order” on the fifteenth anniversary of its establishment (1989).
- The Bank won The King Abdullah II award for Excellence, the highest national award (2000).
- The Bank won the excellence award for qualitative performance at the national level from Prince Faisal bin Al
Hussein (2006).
- The Bank won an excellence award from E- Jordan conference (2002).
Regional and International Certificates of Appreciation and Awards
- The first bank in Jordan & Arab world to obtain the highest levels of “General Conformance Certificate” with International Internal Audit Standards issued by the American Institute of Internal Auditors “IIA” (2009).
- The Bank was awarded the International Star / Platinum Category & Golden Category from Business Initiative Directions BID due to good reputation in leadership and management (2005).
- The first bank in Jordan & Arab world to obtain the ISO 9001 international quality certificate (2002).
- The Bank won Arab Quality Award (2001).
Address : Amman/Abdali– Parliament Street, P.O.Box : (7693), Postal Code (11118)–Jordan.
Website : www.hbtf.com, Phone number : 962-65-005-555
6. Invest Bank -
Invest Bank or Jordan Investment and Finance Bank continues in updating and developing its products and services through its new corporate image, which reveals the determination to move ahead in its successful journey to meet the expectations of its clients, shareholders and society. Investbank is looking forward to serving the Jordanian business community, supporting economic innovation, and attracting foreign investments by providing a complete range of banking products and services within a friendly environment; leveraging the latest technologies and capacity building.
Their Services:
- Corporate Banking
- SMEs
- Investments
- Personal Banking Deposits & Client Personal Services
- Loans
- Credit Cards
- Dormancy fees
- Life insurance
- Internet Banking
- Automated Teller Machine (ATM)
- SMS Banking
Address : Bldg #43, Abdul Hamid Sharaf Street, Shmeisani - Amman 11195, Jordan.
Website : www.investbank.jo, Phone number : 962-65-001-515
7. Jordan Islamic Bank -
Jordan Islamic Bank was established in 1978, as a public shareholding limited company to carry out all kinds of banking, financing and investment business operations in compliance with the glorious Islamic Sharia’ and in accordance with the provisions of Jordan Islamic Bank’s Special Law, which was superseded by one chapter on Islamic banks in the Banks’ Law which was in effect as of 2nd August, 2000. The Bank’s first branch commenced its business on 22/9/1979, with a paid up capital of about JD (2) million from its authorized capital that reached JD (4) million.
The Bank’s paid up capital has become JD 125 million or what is equivalent to about USD 176.5 million and that after finalizing all procedures required include shares of capital’s increase in the amount of JD 25 million/share and distributing them as bonus shares to shareholders each according to his portion in the Bank’s capital till the end of 19th June, 2012 through capitalizing JD 3,011,985 from special reserves, JD10 million from voluntary reserves and JD 11,988,015 from retained earnings. Thus, the Bank’s capital has become JD 125 million. In the 1st of July, 2010,the bank changed its logo and launched its new corporate identity in order to be unified with the subsidiaries of AlBaraka banking group.
The Bank offers its banking, financing and investment services through its (65) branches and (15) cash offices in the different locations in the country, as well as through the Bonded office. The Bank also presents services through (133) ATMs all over the country. The Bank’s staff reached about (2000) employees who have sufficient knowledge and experience to provide Islamic banking services. The number of the clients’ accounts performing in the Bank reached about (887.3) thousand accounts. The Bank was able to grow rapidly and enhance its position among Jordanian banks, As it presents banking and investment services to the clients in conformity with the Islamic Rules of Sharia’ which has a special method of Islamic economy and adopts a vision of money function different from that of conventional banks.
Address : Jordan – Amman – Shmeisani, P.O Box: 926225, Postal Code:11190.
Website : www.jordanislamicbank.com, Phone number : 962-65-666-325
8. Jordan Kuwait Bank -
We, the Jordan Kuwait Bank family, represented by all its senior and executive management and staff members, adopt the values, principles and ethics set forth below while performing our duties and in our relationships with our colleagues, the Bank’s clients and shareholders as well as the general public working with the Bank. Such values and principals are the guidelines for our behavior, our reference when judging issues and the standard that governs our actions. These ethics, values and principles are :
Integrity
We rise above any statement, action or position that is in any way contrary to being honest and trustworthy. We
will remove ourselves from any situation that may cause suspicion or affect the reputation of our profession and
the Bank.
Compliance with the laws
We recognize that we belong to a financial institution that is subject to perform its operations according to laws
and regulations and that abiding to the laws and instructions and complying with the regulations depends on us.
We are aware that should there be any negligence from our behalf, we are putting the Bank at risks and financial
losses and we, at the same time, endure any liabilities and responsibilities.
Transparency
We understand transparency to be clarity, performing our duties in the open and not withholding any facts or
information, and disclosing all information that is to be declared as required by the laws and regulations and
within the rules of ethics.
Loyalty to the Bank
Our loyalty to the Bank means voluntary and unconditional devotion to Jordan Kuwait Bank, an institution we
belong to, work for, which provides our source of income, and provides us with the opportunity to prove
ourselves and achieve our self value and status in addition to our professional and personal development.
Address : 62 Ummaya Bin Abed Shams Street Abdali, Amman, P.O. Box: 9776 Amman11191, Jordan.
Website : www.jkb.com, Phone number : 962-65-629-400
1. Bank of Jamaica -
The Bank of Jamaica, established by the Bank of Jamaica Law (1960), began operations in May 1961, terminating the Currency Board System which had been in existence from 1939. The establishment of the Central Bank was in recognition of the need for an appropriately regulated financial structure to encourage the development process, particularly as Jamaica was about to embark on the road to political independence.
The main objectives of the Central Bank were defined by the Bank of Jamaica Act to be :
- To issue and redeem notes and coins.
- To keep and administer the reserves of Jamaica.
- To influence the volume and conditions of supply of credit so as to promote the fullest expansion in
production, trade and employment, consistent with the maintenance of monetary stability in Jamaica and the
external value of the currency.
- To foster the development of money and capital markets in Jamaica
- To act as banker to the Government.
In the earlier years, the Central Bank's role tended to be of a largely reactive nature as the institution grappled with several national and international developments. However, in recent years, monetary policy implementation has been characterized by a more proactive stance, as the Central Bank has actively sought to encourage the appropriate environment for economic growth and development. In this regard, in 1985, in collaboration with the International Bank for Reconstruction and Development, the Central Bank introduced a programme for financial reform - The Financial Sector Reform Programme (FSRP). This initiative was aimed at more effective intermediation, through the encouragement of market forces and the strengthening of the Central Bank's capacity to implement monetary policy.
Address : Nethersole Place, PO Box 621, Kingston, Jamaica.
Website : www.boj.org.jm, Phone number : 876-922-0750
2. First Caribbean International Bank Ltd -
CIBC FirstCaribbean is a major Caribbean bank offering a full range of market-leading financial services in Corporate Banking, Retail Banking, Wealth Management, Credit Cards, Treasury Sales and Trading, and Investment Banking. It is the largest, regionally-listed bank in the English-and Dutch speaking Caribbean. The bank has over 3,400 staff; 69 branches, 22 banking centres, and seven offices in 17 regional markets.
On October 14th, 2002, Barclays Bank PLC based in London, United Kingdom and Canadian Imperial Bank of Commerce (CIBC) based in Toronto, Canada combined their retail, corporate and offshore Caribbean banking operations and launched FirstCaribbean International Bank. FirstCaribbean brought together two complementary and leading financial services businesses in the Caribbean, and the promise to offer our customers enhanced products and improved and extended access to banking services. On December 22nd, 2006, CIBC became the majority shareholder in the organisation, now holding 91.5% of the bank’s shares in CIBC FirstCaribbean International Bank. CIBC is a leading North American financial institution serving clients in Canada and around the world. It was recently named the strongest bank in North America and the third strongest bank in the world.
On June 20, 2011 we proudly announced that we would be co-branded under the CIBC banner, adopting the branding CIBC FirstCaribbean. The addition of CIBC to the FirstCaribbean brand emphasizes CIBC’s long-term commitment to the Caribbean region, our employees and our clients. The brand combines the strength of two powerful organizations with CIBC FirstCaribbean representing the proud heritage and uniqueness of the Caribbean, backed by the financial strength of CIBC. Our clients and our employees across the Caribbean will continue to benefit from the long-term investment that CIBC is making in the Caribbean – a history that dates back to our first branches opened in 1836.
CIBC FirstCaribbean intends to play a key role in the growth and development of the region, its countries and its people. As part of its corporate social agenda, CIBC FirstCaribbean contributes to hundreds of organizations at national, regional and local levels. The bank is committed to partnering with communities in the 17 countries in which it operates. Through the FirstCaribbean International Comtrust Foundation, CIBC FirstCaribbean International Bank dedicates 1% of its profits to community partnership causes each year.
Address : 23-27 Knutsford Blvd, Kingston 5, Jamaica.
Website : www.cibcfcib.com, Phone number : 876-929-9310
3. National Commercial Bank -
Through the NCB Foundation we engage communities in a range of socially relevant activities like education, sporting activities and the development of the physical environment. Engaging the community in social causes assists in empowering people. With this in mind, we believe that engaging people (be it offline or online), is relevant to development of the NCB community and highlighting the activities or contributions made by all stakeholders to building a better Jamaica.
We have decided to create a portal to showcase the social side of NCB - MyNCB. MyNCB looks at connecting with the society (including non-NCB customers). We want to share our experiences with you and invite you to interact with us through any of the spaces on the established social media sites. My NCB seeks to relate with its users by providing them with other platforms :
- Gallery
- Photo Albums
- Webinars
- Videos
Address : 32 Trafalgar Road, Kingston 10, Jamaica.
Website : www.jncb.com, Phone number : 876-996-2213
Japan
1. The Bank of Fukuoka -
The Bank of Fukuoka Ltd., together with its subsidiaries, provides various financial products and services in Japan. The company involves in the sorting and shipping of mails and documents; calculation-related office work; creation, sorting, storage, and delivery of documents and certificates; adjustment, confirmation, and storage of cash; printing and binding of documents and certificates; provision and management of supplies; and maintenance, acquisition, and leasing of real estate and facilities. It also engages in the assessment and management of assets for the purpose of collateral for credit related to lending funds and other credit provisions; credit management and collection; consulting and mediation related to credit management and collection; collection and business agent services for monetary claims other than special financial claimable assets; buying and selling securities, and mediation of commissioning; underwriting and offering securities; and handling private placement and other securities services. In addition, the company involves in credit card business; revitalization support; and lending money and negotiating drafts. It operates primarily through 147 branches in Fukuoka Prefecture and 12 branches in Kyushu area. The company was founded in 1877 and is headquartered in Fukuoka, Japan. The Bank of Fukuoka Ltd. operates as a subsidiary of Fukuoka Financial Group Inc.
Address : 2-13-1 Tenjin, Chuo-ku, Fukuoka, 8100-8727, Japan.
Website : www.fukuokabank.co.jp, Phone Number: 81-92-723-2131
2. The Bank of Kyoto -
For financial services in Kyoto, proper protocol might involve a visit to The Bank of Kyoto. The regional bank serves Kyoto and neighboring prefectures through more than 145 offices. The bank serves businesses, particularly small and medium-sized local companies, as well as individual consumers. In addition to traditional deposit banking and lending, The Bank of Kyoto and its subsidiaries offer credit cards, leasing, stock brokerage, and business consulting services. The bank has worked to expand its operations beyond its home base and has opened branches to the north in the Kinki Region. Technology also is a priority for the bank. It often introduces new communications and security systems for customers.
Address : 700, Yakushimaecho, Shimogyo-Ku Kyoto, Kyoto, 600-8416 Japan.
Website : www.kyotobank.co.jp, Phone number: 81-75-361- 2211
3. The Bank of Yokohama -
Reflecting Yokohama’s heritage as a port city, the "Three Ships" represents eternal prosperity, with customers, shareholders and bank employees （the "Three Ships"） growing hand in hand with harmony. The three ideas underlying the concept we are working to realize are as follows :
- We aim to become the bank that is trusted. We will do this by fully recognizing our traditional role in ensuring a stable supply of funds, and in providing the kind of financial services demanded by the community by
conducting our business in as thorough a manner as possible.
- In each areas of our market, we aim to become a community bank deeply rooted in its locality, with each branch working to be the “best bank,” growing through contribution to the community and in concert with it.
- We aim to be a bank that serves all the community, and is a great place to work at, by developing and training dynamic talents and fostering energetic culture.
Based on our Management Philosophy, the Bank of Yokohama strives to support an orderly credit environment and contribute to our region´s growth and prosperity by ensuring a stable supply of funds and offering quality financial services. We fulfill our corporate social responsibility (CSR) by putting this management philosophy into practice.
To ensure our position as a financial institution that is attractive to customers, shareholders, employees and communities, we encourage all employees to think and act independently, and to assimilate ideas and expertise from inside and outside the Bank. While constantly ready to take on the challenge of new initiatives, we also maintain the flexibility to adapt continually to changes in our business environment. We contribute to our region through three key Regional Social Initiatives: "Corporate Leadership Activities", "Community-Based Voluntary Activities", and " Self-Planning Programs". Through our Self-Planning Programs, which consist of activities focusing on children, we aim to generate increased vitality and growth in our region by nurturing the children who will build the society of the next generation.
Address : 1-1,Minatomirai 3-chome,Nishi-ku,Yokohama,Kanagawa220- 8611,Japan.
Website : www.boy.co.jp, Phone number: 81-45-225-1111
4. The Chiba Bank -
The Chiba Bank, Ltd. (株式会社千葉銀行 Kabushiki-gaisha Chiba Ginkō?) (TYO: 8331) is the biggest bank in Chiba Prefecture, Japan. Listed on the Nikkei 225, it has branches in Osaka, New York, London, and Hong Kong.
Chiba Bank is the third-largest of Japan’s 64 regional banking groups in terms of total assets. As of March 2008, it had total assets of ¥9.8 trillion and a loan portfolio topping ¥6.6 trillion, which also made it one of the world's 200 largest banks. It employs a full-time staff of 3,675. The bank is headquartered in Chiba Prefecture, which lies adjacent to Japan’s capital Tokyo on Tokyo Bay and has one of the most important industrial concentrations anywhere in Japan. Chiba Bank has a 36.6% market share of lending and a 23.0% share of all deposits in the prefecture. Of the bank's network of 173 branches, 154 are within Chiba Prefecture.
The bank’s strategy is to expand its branch network into adjacent prefectures along Tokyo-bound commter rail lines. It is also putting an emphasis on developing southern Chiba Prefecture as a tourist and resort area, particularly around the city of Kamogawa. The bank is well-managed and, although it posted a net loss in FY3/02 in finally clearing up 1980-vintage non-performing loans, it has since recorded six straight years of record earnings.
Address : 1-2 Chiba-minato, Chuo-ku, Chiba City, Chiba 260-8720 Japan.
Website : www.chibabank.co.jp, Phone number: 81-43-245-1111
5. Japan Post Bank -
Japan Post Bank Company Limited (株式会社ゆうちょ銀行 Kabushiki-gaisha Yū-cho Ginkō, commonly abbreviated to ゆうちょ銀行 (Yū-cho Ginkō), or just ゆうちょ(Yū-cho)), is a Japanese bank headquartered in Tokyo which is part of the Japan Post Holdings postal and financial services group. As of November 2008 it was reported as being the world's biggest deposit holder. It is one of only two banks to have branches in every prefecture in Japan, the other being Mizuho Bank.
History
Postal savings was introduced to Japan in 1875 and operated as a government department until privatization of the postal service was passed under the government of Prime Minister Junichiro Koizumi. The bank was established on 1 September 2006, as part of the reorganisation of Japan Post into Japan Post Holdings. Prior to 2009, Japan Post was not connected to the Japanese Bankers Association (Zenginkyo) payment processing network, making it impossible to wire money directly between Japan Post and most other Japanese banks. Japan Post Bank joined the network in January 2009 and became a full JBA member in October 2011.
Products
Unlike most commercial banks, Japan Post Bank is primarily a savings institution. Its only loan products are overdraft lines secured by time deposits and Japanese government bonds on deposit with the bank. Japan Post Bank offers a nationwide ATM network which can be used to withdraw money with international bank cards and credit cards.
Corporate Governance
JAPAN POST BANK will be a company with committees, and establish the nomination, audit and compensation
committees. Under the management meeting, it will also set up special committees, such as the risk management
committee, the compliance committee and the ALM committee.
JAPAN POST BANK will establish the inspection & audit department that is independent from departments to be
audited, and this department will support the audit committee.
JAPAN POST BANK will introduce the “integrated risk management” method, as well as the RCSA method
against operational risks to implement quantitative and qualitative risk management according to risk
characteristics.
JAPAN POST BANK will establish a compliance supervisory office, where compliance officers will be assigned. It will also post personnel in charge of compliance at each office.
JAPAN POST BANK will reinforce the system for managing and supervising the agent (JAPAN POST).
Address : 1-3-2 Kasumigaseki, Chiyoda-ku, Tokyo 100-8798, Japan.
Website : www.jp-bank.japanpost.jp, Phone number : 81-33-504-4411
6. The Norinchukin Bank -
The Norinchukin Bank is a financial institution established by Japan Agricultural Cooperatives (JA), Japan Fishery Cooperatives (JF), Japan Forestry Cooperatives (JForest) and other members of the agriculture, fishery and forestry cooperative system. As a private financial institution based on the Norinchukin Bank Law, The Norinchukin Bank plays a major role in Japanese society as a contributor to the development of the nation's economy and as a supporter of the advancement of the agricultural, fisheries and forestry industries through the provision of financial services to its members.
As the national-level financial institution for agricultural, fishery and forestry cooperatives in Japan, The Norinchukin Bank plays a major role in Japanese society as a contributor to the development of the nation's economy and as a supporter of the advancement of the agricultural, fisheries and forestry industries with facilitated finance for its members including Japan Agricultural Cooperatives (JA), Japan Fishery Cooperatives (JF) and Japan Forestry Cooperatives (JForest).
With the stable funding base provided by capital from JA, JF, and JForest, as well as JA Bank and JF Marine Bank deposits from their individual members and customers, the Bank, to achieve its mission, lends funds to members, agricultural, fishery and forestry workers, and companies related to the agricultural, fisheries and forestry industries. The Bank also conducts various lending and investment activities in Japan and abroad, efficiently manages funds and stably returns profits to its members.
Address : 13-2, Yurakucho 1-chome, Chiyoda-ku, Tokyo 100-8420.
Website : www.nochubank.or.jp, Phone number : 81-33-279- 0111
7. The Oita Bank -
The Oita Bank is a Japan-based regional bank which serves the southwestern Kyushu area of Japan. The Bank operates in three business segments. The Banking segment is engaged in the provision of deposit, loan, security trading and investment, domestic and foreign exchange, future transactions, bond underwriting and registration services. The others segment is involved in credit card, computer-related, credit guarantee, investment and financing businesses. The Oita Bank was established in 1893 in Oita Prefecture, Kyushu, in the southwest of the Japanese archipelago and today serves customers through more than 100 branches.
The Oita Bank Ltd is a regional bank mainly engaged in the provision of financial services. The Bank operates in three business segments. The Banking segment is engaged in the provision of deposit, loan, security trading and investment, domestic and foreign exchange, futures transactions, bonds underwriting and registration services. The Leasing segment is engaged in the provision of leasing services. The Others segment is involved in credit card, computer-related, credit guarantee, computer-related business, investment and financing businesses. As of March 31, 2012, the Company had nine consolidated subsidiaries.
Address : 3-4-1, Funai-machi, OITA-SHI870-0021, Japan.
Website : www.oitabank.co.jp, Phone number : 81-97-534-1111
8. Resona Bank -
Resona Bank Limited is a subsidiary of Resona Holdings, one of the largest banking groups in Japan. The Bank provides current and savings accounts, mortgages, car loans, home loans and education loans, debit and credit cards, pension and insurance products, online and phone banking, investment trust products and currency exchange services. The Bank was formerly known as a Daiwa Bank Ltd and changed its name to Resona Bank in 2003, after merger with Asahi Bank. The company was established in 1918 and is headquartered in Tokyo. At March 31, 2012, Resona Bank had ¥28,007,997 million (US$338.00 billion) in total assets and ¥20,849,974 million (US$251.62 billion) in deposits. It has an A2 long-term rating from Moody’s.
Resona Bank, Limited engages in the banking and trust banking activities primarily in Japan. It primarily accepts current, ordinary, savings, and time deposits, as well as deposits at notice; and consumer and housing loans to individuals. The company also manages and administers customer assets, including pension funds, as well as offers financial services, information, and consultation. In addition, it offers investment trust products, foreign currency deposits, fund management plans, retirement plans, government bonds, and foreign debt products; car loans, education loans, and home improvement loans; individual annuity, life and medical insurance products, and trust and guardian ship services; and telephone banking services, debit and credit cards, and currency exchange services. The company was founded in 1918 and is headquartered in Tokyo, Japan. Resona Bank Ltd. is a subsidiary of Resona Holdings, Inc.
Address : 5-65, Kiba 1-Chome Koto-Ku, Tokyo, 135-8582, Japan.
Website : www.resona-gr.co.jp/resonabank, Phone number : 81-36-704-2111
9. Shinsei Bank Ltd. -
Shinsei Bank, Limited (株式会社新生銀行 Kabushiki-gaisha Shinsei Ginkō?) is a Japanese commercial bank headquartered in Chuo, Tokyo.Shinsei Bank is the successor of a trust bank, the Long-Term Credit Bank of Japan, which had a government monopoly on the issuance of many long-term debt securities. Following the collapse of the Japanese asset price bubble in 1989, the bank was riddled with bad debts: the government nationalized it in 1998, and it was delisted from the Tokyo Stock Exchange. After several proposed mergers with domestic banks, LTCB was sold to an international group led by US-based Ripplewood Holdings in March 2000 for ¥121 billion, the first time in history that a Japanese bank came under foreign control. Investor Christopher Flowers also played a major role in the buyout syndicate and remains a key shareholder of the company today.
As part of the purchase and sale agreement, the government included a "defect warranty provision" (瑕疵担保条項 kashi tanpo jōkō?) to the effect that Shinsei could demand within the next three years that the government purchase any claims which had fallen by twenty percent or more from book value. A similar provision was afforded Aozora Bank, the successor of LTCB's similarly beleaguered sister company Nippon Credit Bank.
LTCB was relaunched as "Shinsei Bank" (literally "Newborn" or "New Life" Bank) in June 2000, with new management and services. Many of Shinsei's managers have previous experience working for foreign financial institutions in Japan, such as CEO Thierry Porte (formerly of Morgan Stanley) and CIO Jay Dvivedi (formerly of Citibank).[4] Shinsei continued to use the Long-Term Credit Bank SWIFT code (LTCBJPJT).
Shinsei used the defect warranty provision to dispose of all the worst debts owed to the bank. Several companies which had used LTCB as their primary bank went bankrupt as a result, including Sogo (July, 2000) and the Dai-Ichi Hotel. This created a furor in Japan: politicians especially criticized Goldman Sachs, which advised on the sale of LTCB, for not warning the government of the risks inherent in the defect security provision.
Shinsei then raised ¥230 billion in an IPO on February 20, 2004. The purchase of Shinsei thus turned a profit of over ¥100 billion within four years. The success of the IPO intensified criticism of Shinsei, however: the government was estimated to have lost ¥4-5 trillion on the deal between lost investments and forced purchases of bad debt, and the profits from the deal even escaped Japanese taxation through the use of a foreign investment partnership. In April 2004, the bank exchanged its long-term credit banking license for a standard commercial banking license.
The Financial Services Agency issued an improvement order to Shinsei on June 29, 2007 after the revenues of the company fell dramatically below targets.
On April 25, 2009, it was announced that Shinsei Bank and Aozora Bank have entered into negotiations to integrate their operations in the summer of 2010, with an eye toward an eventual merger, however the talks collapsed in May 2010 amid disputes over capitalization and business strategy, as well as the abatement of the 2008 financial crisis.
In 2008, the bank sold its headquarters building near Hibiya Park and its operations center in Meguro in order to avoid falling below targets again due to investment writedowns during the subprime crisis in the United States. Shinsei moved its headquarters to the Nihombashi area of Chuo City in January 2011.
Address : 4-3, Nihonbashi-muromachi 2-chome, Chuo-ku, Tokyo, Japan.
Website : www.shinseibank.com, Phone number : 81-35-511-5111
Jordan
1. Arab Jordan Investment bank -
The Arab Jordan Investment Bank (AJIB) is Jordan’s leading investment and private bank. AJIB offers a wide variety of investment, commercial and private banking products and solutions tailor-made to suit the requirements of our discerning clientele. AJIB continues to leverage its resources; technology and banking best practices to meet and exceed the ever growing needs of corporate, high net-worth individuals and sophisticated clients in Jordan and the region.Over the past thirty two years, AJIB grew to become a major player in the region’s investment banking scene, providing its clients with corporate finance services including mergers and acquisitions, equity capital markets (IPOs and secondary offerings), transaction advisory services, project finance and equity research.
AJIB serves clients through 25 branches and offices covering major locations in Jordan, assisted with an advanced network of 24 ATMs distributed throughout the Kingdom. The Bank has expanded to provide services outside Jordan through its branch in Limas sol-Cyprus, as well as a representative office in Tripoli-Libya. In 2006 the Bank established Arab Jordan Investment Bank (Qatar) L.L.C. in the Qatar Financial Center to serve our clients in Qatar and the Gulf region. The United Arab Jordan Company for Investment and Financial Brokerage is a subsidiary of the Bank dedicated to serving our clients investment needs at the Amman Stock Exchange. Arab Advisors Group, the Bank’s research subsidiary, is the recognized regional leader in research in the fields of finance, telecom, IT, and media. Its research offerings are highly regarded by the region’s leading professionals.
Address : Shmeisani–Thaqafah Street, P.O Box 8797, Amman 11121, Jordan.
Website : www.ajib.com, Phone number : 962-65-607-126
2. Bank of Jordan -
Since its been founded in 1960, Bank of Jordan has become one of the leading banks in the Kingdom. For more than 52 years, Bank of Jordan has adapted continuous development and improvement schemes in all of its activities and areas of expertise. Since its establishment, BoJ has kept abreast with the rapid developments in the commercial banking industry, both locally and regionally. Bank of Jordan provides comprehensive and diversified products and service to meet the different demands and aspirations of the wide range of cliental. The total number of branches operating across the Kingdom and Palestine reached 96 branches and offices. The bank has a network of more than 141 ATMs spread over the country.
Our Vision :
To be a pioneering bank that excels in providing products and services, offers comprehensive financial solutions and acquires an advanced position in the Arab region.
Our Mission :
To build amicable relations with our customers, optimize the returns to shareholders and contribute to social advancement by providing comprehensive financial solutions through high-quality and efficient service channels and modern business environment that comprise an excelling team of employees.
Address : Al-Shmeisani-Abdul Hameed Sharaf St., P.O.Box 2140 Amman 11181 Jordan.
Website : www.bankofjordan.com, Phone number : 962-65-696-277
3. Cairo Amman Bank -
The Cairo Amman Bank is a full-service bank in Jordan and the Palestinian territories, with headoffice in Amman. The headoffice for the Palestinian territories is in Ramallah. The bank operates about 70 branches and offices in Jordan and 21 in the Palestinian territories. CAB currently ranks 6th in Jordan and 3rd in the Palestinian territories based on assets. It is also ranked 3rd in the Palestinian territories based on the number of branches it has. The bank is a member of the Jonet ATM network in Jordan.
History
Cairo Amman Bank was established on January 14, 1960 as a Jordanian public shareholding company and began its banking services on July 1, 1960.[1] At the time, Egypt's Banque du Caire converted its branch in Amman, Jordan, into a locally owned and registered company; Banque du Caire retained a minority position in the bank (12% in 1999), but has since withdrawn almost completely, with Egypt's Banque Misr taking over its stake in 2007.
CAB's first branch was launched in the Palestinian territories in 1961. CAB returned to the Palestinian territories in 1986 with a branch.
Address : Arar Street, Wadi Saqra, P.O. Box 950661, Amman 11195, Jordan.
Website : www.cab.jo, Phone number : 962-78-8001333
4. Central Bank of Jordan -
Foundation
Jordan set out preparations to establish the Central Bank of Jordan (CBJ) in the late 1950s. The Law of the CBJ was enacted in 1959. Thereafter, its operational procedures were commenced on the first day of October 1964. The CBJ succeeded the Jordan Currency Board which had been established in 1950. The capital of the CBJ, which is totally owned by the government, was increased gradually, from one million to 18 million Jordanian Dinars. The CBJ enjoys the status of an independent and autonomous corporate body, although its capital is owned entirely by the government.
Objectives and Functions of the CBJ
The law establishing the CBJ stipulates that "the objectives of the Central Bank shall be to maintain monetary stability in the Kingdom, to ensure the convertibility of the Jordanian Dinar, and to promote the sustained growth of the Kingdom's economy in accordance with the general economic policy of the government." To achieve the above-mentioned objectives, the CBJ's functions have evolved to include the following :
1- Issuing and regulating bank notes and coins
The CBJ is the sole issuer of the Jordanian currency. The CBJ, accordingly, ensures the availability of bank notes and coins to meet the needs of the national economy, and maintains an adequate inventory of these bank notes and coins for the same purpose. The CBJ also re-issues the Jordanian currency and replaces damaged, soiled, and mutilated bank notes. In addition, the CBJ issues commemorative coins.
2- Maintaining and managing the Kingdom's reserves of gold and foreign exchange
The CBJ is responsible for determining the suitable investment opportunities as well as setting ratios and components of reserves to ensure their safety, liquidity, and profitability, as these reserves constitute a cornerstone in the stability of the Jordanian Dinar exchange rate. To fulfil this task, the CBJ adopts a flexible investment policy that is compatible with the ongoing developments in foreign exchange and international financial markets.
3- Acting as a banker and fiscal agent to the government and public institutions
The CBJ acts as a banker and fiscal agent to the government and public institutions, as it maintains their revenue and expenditure accounts, makes transfers, opens letters of credit, manages and implements loan and trade agreements, and extends credit to the treasury. In addition, the CBJ issues and manages public debt securities on behalf of the government and public institutions in Jordan. Likewise, the CBJ administers, on behalf of the government, Jordan’s subscriptions in international and regional financial institutions, and manages and implements payment agreements between the government and other countries.
4- Acting as a banker to banks and specialized credit institutions
The CBJ maintains banks’ deposits, extends credit to them through advances and rediscounts, and furnishes banks with credit risk information, custody, and electronic clearing services. Besides, the CBJ, sells to and buys from banks, both treasury bills and foreign exchange necessary to cover their external payment needs. Furthermore, the CBJ issues licenses authorizing banks to operate and branch in Jordan.
5- Maintaining the Safety of the Banking System
One of the major tasks of the CBJ is the supervision of the banking system, so as to ensure its soundness, and protect depositors and shareholders. In doing so, the CBJ focuses on increasing the paid up capital, improving the capital adequacy ratio, and expanding the scope of the application of international auditing and accounting standards related to solvency, assets, profitability, liquidity and management. Moreover, the CBJ stresses on the importance of continuous education and training of banks’ employees so that they would keep in pace with developments in the financial market. Furthermore, the CBJ performs on-site and off-site surveillance of licensed banks.
6- Advising the government on the formulation and implementation of fiscal and economic polices
The CBJ proposes, upon its initiative or upon government request, specific suggestions and recommendations related to the prevailing economic, financial and monetary conditions. Besides, it participates in the formulation of economic policies, particularly, in relation to economic development plans. Furthermore, the CBJ has a distinctive role in the regular consultations between Jordanian authorities and international financial organizations, in particular, those related to economic and structural adjustment programs adopted since 1989.
7- Managing monetary problems and participating in containing local economic problems
The CBJ, pursuant to its legal powers, adopts procedures and measures to deal with economic problems to avoid their adverse effects on the Jordanian economy.
8- Regulating credit
The CBJ regulates the quantity, quality, and cost of credit to meet the requirements of economic development and monetary stability. Monetary policy tools available to the CBJ to regulate credit include open market operations, the reserve requirement ratio and the discount rate.
9- Other roles
In addition to the above mentioned functions, the CBJ has effectively participated in the establishment of a number of financial institutions and corporations, such as Amman Stock Exchange, Jordan Mortgage Refinance Company, Jordan Loan Guarantee Corporation, Deposit Insurance Corporation, all of which have played an evident role in supporting economic development efforts in Jordan.
Address : P.O. Box (37) Amman-11118-Jordan.
Website : www.cbj.gov.jo, Phone number : 962-64-630-301
5. The Housing Bank for Trade and Finance -
The Housing Bank for Trade and Finance (HBTF) was established in 1973 as a public shareholding limited company with a capital amounting to half a million JD. The primary focus of the Bank was to provide housing finance, and hence the name. After 24 years of operations, the Bank embarked on a new era, when it diversified its scope and became a comprehensive bank, providing full commercial banking services. The Bank’s capital was increased several times, and currently amounts to JD 252 million; the equivalent of USD 355 million, the Bank’s management has continuosly focused on strengthening its capital base year by year, the total equity amounted to JD 1047 million(USD 1.5 billion) at the end 2012. The Bank’s successful journey has paid off, and it has earned many high credit ratings from international institutions (Moody's, Standard & Poor’s, Fitch, and Capital Intelligence), in addition to winning the prestigious " Bank of the year – Jordan" award from The Banker (2003 , 2011 ) and from Euromoney (2007). In addition, it has also received several other awards and certificates.
Local Certificates of Appreciation and Awards
- The Bank was awarded “Al Kawkab Medal of the First Order” on the fifteenth anniversary of its establishment (1989).
- The Bank won The King Abdullah II award for Excellence, the highest national award (2000).
- The Bank won the excellence award for qualitative performance at the national level from Prince Faisal bin Al
Hussein (2006).
- The Bank won an excellence award from E- Jordan conference (2002).
Regional and International Certificates of Appreciation and Awards
- The first bank in Jordan & Arab world to obtain the highest levels of “General Conformance Certificate” with International Internal Audit Standards issued by the American Institute of Internal Auditors “IIA” (2009).
- The Bank was awarded the International Star / Platinum Category & Golden Category from Business Initiative Directions BID due to good reputation in leadership and management (2005).
- The first bank in Jordan & Arab world to obtain the ISO 9001 international quality certificate (2002).
- The Bank won Arab Quality Award (2001).
Address : Amman/Abdali– Parliament Street, P.O.Box : (7693), Postal Code (11118)–Jordan.
Website : www.hbtf.com, Phone number : 962-65-005-555
6. Invest Bank -
Invest Bank or Jordan Investment and Finance Bank continues in updating and developing its products and services through its new corporate image, which reveals the determination to move ahead in its successful journey to meet the expectations of its clients, shareholders and society. Investbank is looking forward to serving the Jordanian business community, supporting economic innovation, and attracting foreign investments by providing a complete range of banking products and services within a friendly environment; leveraging the latest technologies and capacity building.
Their Services:
- Corporate Banking
- SMEs
- Investments
- Personal Banking Deposits & Client Personal Services
- Loans
- Credit Cards
- Dormancy fees
- Life insurance
- Internet Banking
- Automated Teller Machine (ATM)
- SMS Banking
Address : Bldg #43, Abdul Hamid Sharaf Street, Shmeisani - Amman 11195, Jordan.
Website : www.investbank.jo, Phone number : 962-65-001-515
7. Jordan Islamic Bank -
Jordan Islamic Bank was established in 1978, as a public shareholding limited company to carry out all kinds of banking, financing and investment business operations in compliance with the glorious Islamic Sharia’ and in accordance with the provisions of Jordan Islamic Bank’s Special Law, which was superseded by one chapter on Islamic banks in the Banks’ Law which was in effect as of 2nd August, 2000. The Bank’s first branch commenced its business on 22/9/1979, with a paid up capital of about JD (2) million from its authorized capital that reached JD (4) million.
The Bank’s paid up capital has become JD 125 million or what is equivalent to about USD 176.5 million and that after finalizing all procedures required include shares of capital’s increase in the amount of JD 25 million/share and distributing them as bonus shares to shareholders each according to his portion in the Bank’s capital till the end of 19th June, 2012 through capitalizing JD 3,011,985 from special reserves, JD10 million from voluntary reserves and JD 11,988,015 from retained earnings. Thus, the Bank’s capital has become JD 125 million. In the 1st of July, 2010,the bank changed its logo and launched its new corporate identity in order to be unified with the subsidiaries of AlBaraka banking group.
The Bank offers its banking, financing and investment services through its (65) branches and (15) cash offices in the different locations in the country, as well as through the Bonded office. The Bank also presents services through (133) ATMs all over the country. The Bank’s staff reached about (2000) employees who have sufficient knowledge and experience to provide Islamic banking services. The number of the clients’ accounts performing in the Bank reached about (887.3) thousand accounts. The Bank was able to grow rapidly and enhance its position among Jordanian banks, As it presents banking and investment services to the clients in conformity with the Islamic Rules of Sharia’ which has a special method of Islamic economy and adopts a vision of money function different from that of conventional banks.
Address : Jordan – Amman – Shmeisani, P.O Box: 926225, Postal Code:11190.
Website : www.jordanislamicbank.com, Phone number : 962-65-666-325
8. Jordan Kuwait Bank -
We, the Jordan Kuwait Bank family, represented by all its senior and executive management and staff members, adopt the values, principles and ethics set forth below while performing our duties and in our relationships with our colleagues, the Bank’s clients and shareholders as well as the general public working with the Bank. Such values and principals are the guidelines for our behavior, our reference when judging issues and the standard that governs our actions. These ethics, values and principles are :
Integrity
We rise above any statement, action or position that is in any way contrary to being honest and trustworthy. We
will remove ourselves from any situation that may cause suspicion or affect the reputation of our profession and
the Bank.
Compliance with the laws
We recognize that we belong to a financial institution that is subject to perform its operations according to laws
and regulations and that abiding to the laws and instructions and complying with the regulations depends on us.
We are aware that should there be any negligence from our behalf, we are putting the Bank at risks and financial
losses and we, at the same time, endure any liabilities and responsibilities.
Transparency
We understand transparency to be clarity, performing our duties in the open and not withholding any facts or
information, and disclosing all information that is to be declared as required by the laws and regulations and
within the rules of ethics.
Loyalty to the Bank
Our loyalty to the Bank means voluntary and unconditional devotion to Jordan Kuwait Bank, an institution we
belong to, work for, which provides our source of income, and provides us with the opportunity to prove
ourselves and achieve our self value and status in addition to our professional and personal development.
Address : 62 Ummaya Bin Abed Shams Street Abdali, Amman, P.O. Box: 9776 Amman11191, Jordan.
Website : www.jkb.com, Phone number : 962-65-629-400
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