The Bank al Etihad and the Jordan Kuwait Bank (JKB) announced the termination of merger talks without reaching an agreement.

 

Seven months after they announced the initiation of preliminary discussions aimed at merging, both bank boards of directors confirmed in separate disclosures on the Amman Stock Exchange (ASE) that the discussions ended amicably.

 

They stated their focus in the upcoming phase will be on implementing each bank's strategy and continuing their independent future plans.

 

The JKB, established in 1976, and Bank al Etihad, established in 1978, announced in separate disclosures in February 2024 that they were entering preliminary talks to evaluate the merger idea and take measures regarding technical, financial, and legal studies in due course.

 

According to the Jordanian Banks Association (ABJ), there are 20 commercial banks operating in Jordan, employing approximately 23,000 staff and managing branches across the country.