Latest news with #AmmarAl-Safadi
Jordan News
07-05-2025
- Business
- Jordan News
Housing Bank Reaffirms Its Support for Jordan River Foundation Projects Promoting Child Safety and Women's Empowerment
Housing Bank Housing Bank announced the signing of an agreement renewing its strategic partnership with the Jordan River Foundation (JRF), continuing its support for the foundation's projects focused on child safety and women's empowerment. اضافة اعلان The agreement was signed at Housing Bank's headquarters by Ammar Al-Safadi, Chief Executive Officer of Housing Bank, and Enaam Barrishi, Director General of JRF, in the presence of several representatives from both parties. Commenting on this occasion, Ammar Al-Safadi said, 'We are proud of our partnership with the Jordan River Foundation, as it reflects our shared values and mutual commitment to empowering individuals from all segments of society to build a more stable and prosperous future. It also reflects the principles of sustainability that guide our collaborations with civil society organizations, in line with our pioneering social role spanning over five decades and our ongoing efforts to enhance community impact.' Meanwhile, Enaam Barrishi praised the continued partnership with Housing Bank, emphasizing the importance of sustainable cooperation across sectors in strengthening the ability of development institutions to create innovative solutions and implement programs addressing pressing economic and social challenges, particularly concerning child safety and women's economic empowerment. Under the renewed agreement, the bank will continue to support the Jordan River Program for Family and Child Protection, which was launched by Her Majesty Queen Rania Al Abdullah in 1997. This program—considered the first of its kind in Jordan and the Arab world—serves as a primary national reference for protecting children and families from all forms of abuse, with a focus on awareness, prevention, and intervention. The continued support is expected to expand access to approximately 6,000 additional children and women, through the implementation of educational programs and activities aimed at preventing abuse, enhancing skills in safeguarding children, and promoting positive parenting practices. The agreement also includes support for two of the Jordan River Foundation's social entrepreneurship initiatives targeting women: Jordan River Designs, which features handcrafted products made by Bedouin and rural women; as well as Al Karma Kitchen, which offers a variety of homemade meals prepared by local women. Within this framework, Housing Bank will help empower more than 35 women participating in these two projects by enhancing their capabilities as independent income earners through specialized technical and entrepreneurial training. This support is expected to indirectly benefit over 160 family members, further extending the impact of the initiative. This renewed partnership, which builds on the longstanding cooperation between the two institutions, aligns with the goals of Housing Bank's social responsibility program, Imkan by Iskan, under its social empowerment pillar. The bank remains committed to strengthening the role of civil society organizations through consistent support, contributing to the delivery of essential services and the development of effective solutions to societal challenges. Since its establishment in 1995, Jordan River Foundation has worked to empower local communities through professional and entrepreneurial initiatives, while providing comprehensive protection to children, women, and families from abuse. This mission is in line with the vision of Her Majesty Queen Rania Al Abdullah to alleviate poverty, build capable future generations, and advance the well-being of children across the Kingdom. Over nearly three decades, the foundation has become a national platform for economic and community development, empowering hundreds of thousands of Jordanians, refugees, and the most vulnerable members of society.
Jordan News
04-05-2025
- Business
- Jordan News
Housing Bank Opens a New Branch at The Fountain Mall in Aqaba - Jordan News
Housing Bank Opens a New Branch at The Fountain Mall in Aqaba Housing Bank has officially opened its second branch in Aqaba, located in The Fountain Mall. The opening ceremony was held under the patronage of the bank's CEO, Ammar Al-Safadi, and attended by several members of the executive management and staff. اضافة اعلان This new branch is part of the bank's broader internal expansion strategy, increasing its nationwide network to 104 branches and offices across the Kingdom. It also brings the bank's ATM count to 255, including 250 fixed ATMs and five mobile units strategically placed throughout the country. The launch of The Fountain Mall branch aligns with the bank's commitment to supporting the economic and tourism growth in Aqaba. It reflects Housing Bank's ongoing efforts to meet increasing demand for its services while staying attuned to the evolving needs of its customers. Featuring a modern design, the new branch provides a welcoming atmosphere and integrates digital technologies to offer a comprehensive and efficient banking experience. This launch reflects the bank's strategic focus on digital transformation and its commitment to enhancing service delivery through innovative solutions. Notably, this opening falls under Housing Bank's plan to continue implementing branch modernization strategy. This reinforces integration and comprehensiveness across its various interaction and service channels, which include a range of digital banking services such as Iskan Online, Iskan Mobile, and the 24/7 call center.
Jordan News
08-04-2025
- Business
- Jordan News
Housing Bank Signs $75 Million Credit Facility Agreement with EBRD to Support MSMEs in Jordan - Jordan News
Housing Bank Signs $75 Million Credit Facility Agreement with EBRD to Support MSMEs in Jordan •The agreement with the European Bank for Reconstruction and Development (EBRD) provides Housing Bank with a $75 million credit facility to support its lending to micro, small, and medium-sized enterprises (MSMEs) outside of Amman. اضافة اعلان •This partnership aligns with the Central Bank of Jordan's (CBJ) policies and initiatives aimed at promoting financial inclusion and improving access to finance. Housing Bank signed a $75 million credit financing agreement with the European Bank for Reconstruction and Development (EBRD) aimed at strengthening lending to micro, small, and medium-sized enterprises (MSMEs), particularly in underprivileged areas outside the capital, Amman. This agreement is expected to drive growth and sustainability for these businesses, contributing to economic diversification and stimulating local economies. The agreement was signed by Housing Bank CEO, Ammar Al-Safadi, and EBRD Vice President for Banking, Matteo Patrone, , at Housing Bank's headquarters, with officials from both institutions in attendance. This partnership marks the third collaboration between Housing Bank and EBRD, reflecting Housing Bank's continued efforts to promote financial inclusion in line with global trends and the Central Bank of Jordan's (CBJ) vision for sustainable economic growth, access to financing remains a key challenge to realizing this vision. This agreement aims to address this obstacle by providing vital financial support to these businesses. Commenting on the agreement, Ammar Al-Safadi said, 'Through this financing, we aim to expand our ability to offer flexible and competitive solutions that support entrepreneurs across Jordan. This will help them grow their businesses, enhance innovation, and improve their competitiveness.' Furthermore, Al-Safadi emphasized that this agreement is vital for Housing Bank, as it demonstrates a successful partnership between local and international financial institutions to foster a supportive business environment and stimulate investment. Additionally, the agreement will allow Housing Bank to expand its lending portfolio to MSMEs, enhancing its client base, improving the quality of its financing portfolio, and increasing liquidity—all of which reinforce its position as a leading financial institution in supporting development. Mr Patrone, said: 'We are very pleased to have signed this facility, which further deepens our partnership with HBTF, a leading financial institution in Jordan. This third engagement reflects our shared commitment to supporting MSMEs and driving economic growth. Together, we are creating more opportunities for businesses to thrive and contributing to a stronger and more resilient economy.' Notably, in 2023, EBRD provided a $15 million loan to Housing Bank, co-financed with the Green Climate Fund (GCF), under the Green Economy Financing Facility (GEFF) to support green investments in Jordan. In 2021, EBRD extended up to $50 million to boost export and import activities.
