Cairo Amman Bank

Cairo Amman Bank is a full-service banking institution headquartered in Amman, Jordan, with operations in Jordan and the Palestinian territories. It was established on 14 January 1960 as a Jordanian public shareholding company and began providing banking services on 1 July of the same year. Its creation followed the conversion of Banque du Caire's Amman branch into a locally incorporated and locally owned bank. Banque du Caire initially retained a minority interest, reported at 12% in 1999, but that position was subsequently reduced substantially; Banque Misr took over Banque du Caire's remaining stake in 2007. The bank's geographic history spans both sides of the Jordanian-Palestinian banking market. It opened its first branch in the Palestinian territories in 1961, later returning to that market with a branch in 1986. Its head office for the Palestinian territories is located in Ramallah. According to the referenced profile, Cairo Amman Bank operates approximately 84 branches and offices in Jordan and 21 in the Palestinian territories. By assets, it is described as Jordan's sixth-largest bank and the third-largest bank in the Palestinian territories; it is also described as the Palestinian territories' third-ranked bank by branch count. Cairo Amman Bank provides full-service banking through its branch network, offices, automated teller machines, and other access channels. In Jordan, it participates in the Jonet ATM network. The bank has also developed a distinctive position in biometric banking technology. In 2006, it became the first bank identified in the reference material as deploying automated teller machines using iris-recognition technology. The system allows an enrolled customer to be identified by an iris print rather than relying solely on a conventional ATM card and personal identification number. The technology was subsequently used not only for ordinary customer access but also in humanitarian cash-distribution efforts. During the Syrian refugee crisis, the United Nations High Commissioner for Refugees adopted Cairo Amman Bank's iris-recognition ATMs to distribute financial assistance. The reference material states that the iris-enabled machines had processed more than 1.2 million transactions with an aggregate value of approximately US$422 million at the time of reporting. These figures are historical claims presented by the cited reference and are not treated here as current financial results. The bank's identity is therefore shaped by three features: its Jordanian incorporation and long operating history, its cross-border presence in Jordan and the Palestinian territories, and its early adoption of biometric ATM access. Publicly available reference material supplied for this entry does not establish a current chief executive, detailed ownership structure, current financial statements, official website, or a stock ticker, so those fields remain unspecified.

Cairo Amman Bank was established on 14 January 1960 as a Jordanian public shareholding company. Its formation followed the conversion of Banque du Caire's branch in Amman into a locally incorporated Jordanian bank. The new institution began banking operations on 1 July 1960. Banque du Caire maintained a minority interest during the bank's early corporate history; the cited historical account records that the stake stood at 12% in 1999. Banque du Caire later withdrew almost entirely, and Banque Misr assumed its stake in 2007. The bank developed a presence in the Palestinian territories soon after its creation. Its first branch there opened in 1961. After a later absence, the bank returned to the Palestinian territories with a branch in 1986. The Palestinian operation is headquartered in Ramallah, while the principal head office remains in Amman. The bank's branch and office network subsequently expanded across both markets. The supplied reference describes approximately 84 branches and offices in Jordan and 21 in the Palestinian territories, making Cairo Amman Bank a significant network bank in each market. It is described as ranking sixth in Jordan and third in the Palestinian territories by assets, and third in the Palestinian territories by branch count. A major technological milestone came in 2006, when Cairo Amman Bank introduced ATMs capable of iris recognition. The system was designed to identify customers through their iris prints, allowing them to access accounts and complete transactions without depending exclusively on an ATM card and secret personal identification number. The technology could be used at automated teller machines and, according to the reference material, at service counters in branches. This made the bank an early and distinctive adopter of biometric identification in retail banking. The biometric platform later acquired a humanitarian use. During the Syrian refugee crisis, UNHCR used Cairo Amman Bank's iris-recognition ATMs to distribute aid. The cited account reports more than 1.2 million transactions totaling approximately US$422 million through the iris-enabled machines at the time of reporting. The system's use in aid distribution connected the bank's technology strategy with the practical needs of displaced populations and reduced reliance on conventional payment credentials. Cairo Amman Bank also expanded its customer access infrastructure through Jordanian post offices and participated in the Jonet ATM network. Its current public profile, based on the supplied reference, is that of an active full-service bank operating in Jordan and the Palestinian territories. The available material does not provide enough information to document a complete sequence of chief executives, current shareholders, detailed product names, financial performance, or later strategic developments.

• 2007

  Banque Misr takes over Banque du Caire stake

  [1]Cairo Amman Banken.wikipedia.org

  Banque Misr assumed Banque du Caire's remaining interest in Cairo Amman Bank as Banque du Caire withdrew almost entirely.

• 2006

  Iris-recognition ATMs introduced

  [1]Cairo Amman Banken.wikipedia.org

  The bank deployed iris-recognition ATMs, an innovation described by the reference as the first of its kind in the world.

• 1986

  Return to the Palestinian territories

  [1]Cairo Amman Banken.wikipedia.org

  The bank re-established a branch presence in the Palestinian territories.

• 1961

  First Palestinian-territories branch

  [1]Cairo Amman Banken.wikipedia.org

  Cairo Amman Bank launched its first branch in the Palestinian territories.

• 1960

  Bank incorporated in Jordan

  [1]Cairo Amman Banken.wikipedia.org

  Cairo Amman Bank was established on 14 January 1960 as a Jordanian public shareholding company following the conversion of Banque du Caire's Amman branch.

• 1960

  Banking services begin

  [1]Cairo Amman Banken.wikipedia.org

  The bank began providing banking services on 1 July 1960.

A Jordanian full-service bank with a cross-border presence in the Palestinian territories and a differentiated history of biometric ATM innovation.

• Banking services

  Full-service banking

  Cairo Amman Bank operates as a full-service bank serving customers through branches, offices, ATMs, and other banking access points in Jordan and the Palestinian territories. The supplied reference does not provide a complete current catalogue of named deposit, lending, card, or digital products.

• Biometric banking technology · 2006

  Iris-recognition ATM banking

  Introduced in 2006, the iris-recognition ATM system identifies enrolled customers through iris prints. It was designed to allow account access and transaction completion without relying solely on a conventional ATM card and personal identification number. The technology was also used in humanitarian aid distribution.

• 2006

  Launch of iris-recognition ATM bankingProduct launch

  Background

  The bank sought to provide an alternative customer-identification method for ATM and branch transactions.

  Action taken

  Cairo Amman Bank introduced ATMs capable of recognizing customers by iris print, reducing dependence on cards and secret numbers.

  Aftermath

  The system became a distinctive part of the bank's technology profile and was later used by UNHCR in refugee-aid distribution.

  Source

1. 1Cairo Amman Banken.wikipedia.org