No 45



NBK Given Permission To Open Branch In Jordan

Kuwaits largest bank, the National Bank of Kuwait (NBK), has announced that on 28 October it was given initial approval by the Central Bank of Jordan (CBJ) to open a branch in Jordan. NBK, which is proceeding with a planned regional expansion, announced on 24 September that it had been given permission to open a branch in Saudi Arabia (MEES, 30 September and 2 November). CBJ Governor Umayya Tuqan said that NBKs...