Latest news with #CapitalBank
Zawya
22-05-2025
- Business
- Zawya
Capital Bank wins two prestigious awards: 'Best Mobile Banking App in Jordan' and 'Best Wealth Management Services in Jordan' for 2025
Capital Bank has received two prestigious awards from International Business Magazine for 2025: 'Best Mobile Banking App in Jordan' and 'Best Wealth Management Services in Jordan.' The bank was named Best Mobile Banking App in Jordan for the second year in a row, recognizing its strong commitment to enhancing digital banking channels and delivering an exceptional user experience. It also earned the title of Best Wealth Management Services in Jordan for its outstanding private banking services and dedication to providing clients with personalized, high-quality financial solutions. Winning the mobile banking award two years running underscores Capital Bank's ongoing efforts to innovate and improve its digital services. This achievement reflects the bank's focus on offering user-friendly, cutting-edge banking solutions that meet the evolving needs of customers in a digital-first world. The wealth management award highlights Capital Bank's excellence in serving high-net-worth individuals through customized financial strategies. With trusted advisory services, strategic financial planning, and access to global investment products, the bank delivers tailored wealth management solutions. Its client-focused approach, backed by expert portfolio managers and in-depth market research, ensures personalized strategies that align with each client's financial goals. International Business Magazine is a leading media platform in the finance and business sectors, with over 50,000 subscribers including investors, executives, decision-makers, and government officials. The magazine covers the latest financial news, promotes innovation in the financial industry, and celebrates excellence in banking, finance, investment, and technology. About Capital Bank Group Capital Bank Group is recognized as a leading financial institution in both the Jordanian and regional markets with total assets of JOD 8.2 billion and a total equity of approximately JOD 756.5 million. The Group encompasses Capital Bank of Jordan, which has evolved since its establishment in 1995 into one of Jordan's premier financial institutions. It offers a comprehensive range of commercial and investment banking services, tailored to meet the diverse needs of both retail and corporate clients. In 2005, Capital Bank of Jordan acquired a majority stake (61.85%) in the National Bank of Iraq (NBI). This strategic acquisition enabled NBI to expand its product and service offerings, strengthen its market position, enhance financial inclusion, support export activities, and provide a broad array of services to businesses operating in Iraq. Continuing its expansion strategy, NBI opened its first branch in the Kingdom of Saudi Arabia in 2023, offering financial and trade services to its corporate clients. Capital Investments, a wholly owned subsidiary of Capital Bank established in 2006, has emerged as a regional leader in the investment banking sector. It provides comprehensive services including asset management, brokerage, and corporate financial advisory. The company caters to a diverse base of clientele, including major corporations, government entities, and high-net-worth individuals, through its offices in Jordan and the Dubai International Financial Center (DIFC) in the United Arab Emirates. Pursuing its ambitious growth strategy, Capital Bank Group acquired Bank Audi's operations in Jordan and Iraq in 2021. This was followed by the acquisition of Société Générale Bank in Jordan in 2022, further solidifying its competitive position in the Jordanian banking sector. In early 2022, Capital Bank launched Blink, a digital bank aimed at redefining banking for retail customers. In 2022, Capital Bank strengthened its capital base by issuing a USD 100 million Tier 1 perpetual bond—the first of its kind for a Jordanian bank in the local market, listed on NASDAQ Dubai. Additionally, Capital Bank raised its capital by issuing new shares to the Public Investment Fund (PIF), one of the largest sovereign funds globally, as a strategic investor. With a 23.97% stake, this capital raise enabled the Group to continue executing its expansion strategy and its commitment to continue introducing innovative products and services that benefit both clients and shareholders. Commemorating its commitment to excellence in 2024, customer-centric practices, innovation, and excellence in digital banking services, Capital Bank of Jordan received the 'Best Digital Bank' award in Jordan from Euromoney magazine and the 'Best Mobile Banking App in Jordan' award from International Business Magazine.
Yahoo
19-05-2025
- Business
- Yahoo
Capital Bank Launches New Digital Banking Platform in Partnership with Q2, Advancing Innovation and Customer-Focused Growth
ROCKVILLE, Md., May 19, 2025 (GLOBE NEWSWIRE) -- Capital Bank, N.A. has officially launched its new digital banking platform, powered by Q2, a leader in digital transformation for financial services. The upgrade delivers a secure, modern experience for business customers and marks a major step in the Bank's ongoing digital evolution. Known for its agile, growth-oriented approach, Capital Bank continues to invest in technology that enhances efficiency and meets the demands of today's business environment . The new platform includes advanced digital treasury management capabilities and provides the scalability needed to expand into new geographies and new customer segments. 'This launch is more than a technology upgrade—it's a strategic step in how we scale Capital Bank,' said Ed Barry, CEO of Capital Bank. 'By investing in a modern, flexible platform, we're strengthening our ability to serve complex business needs, expand into new markets, and deliver the kind of seamless experience today's customers expect. It's a move that aligns technology with our broader growth strategy and positions us to better serve an increasingly digital economy—without losing the personal touch that defines who we are.' The platform gives customers consistent access across devices and equips the Bank to stay nimble in a rapidly changing financial landscape. 'Providing reliable, high-quality service—both in person and online—is a priority for our entire organization,' added Steve Poynot, President and COO of Capital Bank. 'This partnership with Q2 allows us to bring our relationship-first approach into the digital space, ensuring our customers experience convenience without compromise.' About Capital BankCapital Bank is a subsidiary of Capital Bancorp, Inc. (NASDAQ: CBNK), a publicly traded company with more than $3.3 billion in assets as of March 31, 2025. The Bank is a member of the Federal Reserve Bank System, FDIC-insured, and an Equal Housing Lender. Since 1999, Capital Bank has combined innovative technology with customized financial solutions to help clients grow. Its long-standing success is grounded in a simple principle: Think Big, Act Local. To learn more, visit Dominic CanusoEVP, Chief Financial Officerdcanuso@ ext.1223Sign in to access your portfolio
Yahoo
19-05-2025
- Business
- Yahoo
Capital Bank Launches New Digital Banking Platform in Partnership with Q2, Advancing Innovation and Customer-Focused Growth
ROCKVILLE, Md., May 19, 2025 (GLOBE NEWSWIRE) -- Capital Bank, N.A. has officially launched its new digital banking platform, powered by Q2, a leader in digital transformation for financial services. The upgrade delivers a secure, modern experience for business customers and marks a major step in the Bank's ongoing digital evolution. Known for its agile, growth-oriented approach, Capital Bank continues to invest in technology that enhances efficiency and meets the demands of today's business environment . The new platform includes advanced digital treasury management capabilities and provides the scalability needed to expand into new geographies and new customer segments. 'This launch is more than a technology upgrade—it's a strategic step in how we scale Capital Bank,' said Ed Barry, CEO of Capital Bank. 'By investing in a modern, flexible platform, we're strengthening our ability to serve complex business needs, expand into new markets, and deliver the kind of seamless experience today's customers expect. It's a move that aligns technology with our broader growth strategy and positions us to better serve an increasingly digital economy—without losing the personal touch that defines who we are.' The platform gives customers consistent access across devices and equips the Bank to stay nimble in a rapidly changing financial landscape. 'Providing reliable, high-quality service—both in person and online—is a priority for our entire organization,' added Steve Poynot, President and COO of Capital Bank. 'This partnership with Q2 allows us to bring our relationship-first approach into the digital space, ensuring our customers experience convenience without compromise.' About Capital BankCapital Bank is a subsidiary of Capital Bancorp, Inc. (NASDAQ: CBNK), a publicly traded company with more than $3.3 billion in assets as of March 31, 2025. The Bank is a member of the Federal Reserve Bank System, FDIC-insured, and an Equal Housing Lender. Since 1999, Capital Bank has combined innovative technology with customized financial solutions to help clients grow. Its long-standing success is grounded in a simple principle: Think Big, Act Local. To learn more, visit Dominic CanusoEVP, Chief Financial Officerdcanuso@ ext.1223Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
Capital Bank Adds Veteran Delaware Commercial Banking Team Expanding Presence in the Region
ROCKVILLE, Md., May 19, 2025 (GLOBE NEWSWIRE) -- Capital Bancorp (NASDAQ: CBNK) announced today the expansion of its Commercial Banking operations in Delaware with the addition of several highly experienced relationship managers. This strategic move marks a key milestone in the Bank's Mid-Atlantic growth strategy, positioning Capital Bank to serve more businesses across the state of Delaware and surrounding areas. Located in Southern Delaware, Ritchie Francia is a seasoned commercial banker with deep ties to the Delaware business community. Based in the Rehoboth Beach area, Ritchie will anchor Capital Bank's efforts in Sussex County, bringing his decades of experience and strong community relationships to clients in one of Delaware's fastest-growing markets. Joining Ritchie are Sarah Ferguson and John Hassiepen in the Greater Wilmington area. Both Sarah and John are respected banking professionals with long track records of helping local businesses achieve their financial goals. Together, these additions bring deep market expertise, strong community connections, and a reputation for client service that aligns with Capital Bank's relationship-driven approach. All three bankers are recognized as top performers, having recently earned prestigious sales awards for high achievement in commercial banking. Their success reflects a shared commitment to delivering exceptional value to clients through tailored financial solutions. 'Our investments in Delaware represents an exciting next step for Capital Bank as we continue to expand our reach across the Mid-Atlantic,' said Steve Poynot, President and Chief Operating Officer of Capital Bank. 'With the addition of Ritchie, Sarah, and John, we are building a team of experienced professionals who not only understand the local business landscape but are deeply invested in the success of their communities.' Capital Bank's Delaware expansion is part of a broader strategic effort to strengthen its Commercial Banking footprint across the region. The Bank continues to invest in top talent and local market expertise to better serve businesses throughout Maryland, Delaware, Virginia, and beyond. About Capital BankCapital Bancorp Inc., reported $3.3 billion in assets as of March 31, 2025, and was ranked #9 in American Banker's Top 20 High Performing Banks in 2024. The bank is known for its consultative approach and commitment to human-centric banking, serving commercial customers for over 25 years in the DC Metro Region. As a member of the Federal Reserve Bank system, Member FDIC, and Equal Housing Lender, Capital Bank is dedicated to helping customers achieve their financial goals while maintaining a strong fiduciary duty to its shareholders. For more information, visit CanusoEVP, Chief Financial Officerdcanuso@ ext.1223
Zawya
12-05-2025
- Business
- Zawya
Capital Bank launches 'Premier' savings account with returns of up to 4%
Capital Bank has announced the launch of its new Premier Savings Account, offering customers competitive annual returns of up to 4%, paid out monthly. The account is designed to strike the perfect balance between saving and liquidity. As one of the most notable new savings solutions in the Jordanian market, this product reflects Capital Bank's commitment to developing innovative financial offerings that meet evolving customer needs, delivering exceptional benefits in a trusted and flexible banking environment. The interest rate on the 'Premier' Savings Account, whether in Jordanian Dinars or US Dollars, is determined based on the number of debit transactions made on the account during the month. If the account has between zero and two debit transactions in a month, the customer earns an annual interest rate of 4% on JOD accounts and 2% on USD accounts. If more than two debit transactions are made during the month, the interest rate drops to 0% for both currencies. Customers must maintain a minimum average monthly balance of JOD 10,000 or USD 10,000 to be eligible for the monthly interest. Commenting on the launch, Nadeem Khitan, Chief Consumer Banking Officer at Capital Bank, said, 'At Capital Bank, we're focused on offering advanced banking solutions that align with our customers' goals and daily financial needs. The Premier Savings Account is another step toward empowering smart saving, offering attractive returns without compromising access to funds.' Khitan also highlighted that the Premier Account supports Capital Bank's broader strategy of promoting a savings culture through carefully tailored financial products that reflect today's dynamic lifestyles. It's an ideal choice for individuals seeking secure and growing returns on their savings. About Capital Bank Group Capital Bank Group is recognized as a leading financial institution in both the Jordanian and regional markets with total assets of JOD 8.2 billion and a total equity of approximately JOD 756.5 million. The Group encompasses Capital Bank of Jordan, which has evolved since its establishment in 1995 into one of Jordan's premier financial institutions. It offers a comprehensive range of commercial and investment banking services, tailored to meet the diverse needs of both retail and corporate clients. In 2005, Capital Bank of Jordan acquired a majority stake (61.85%) in the National Bank of Iraq (NBI). This strategic acquisition enabled NBI to expand its product and service offerings, strengthen its market position, enhance financial inclusion, support export activities, and provide a broad array of services to businesses operating in Iraq. Continuing its expansion strategy, NBI opened its first branch in the Kingdom of Saudi Arabia in 2023, offering financial and trade services to its corporate clients. Capital Investments, a wholly owned subsidiary of Capital Bank established in 2006, has emerged as a regional leader in the investment banking sector. It provides comprehensive services including asset management, brokerage, and corporate financial advisory. The company caters to a diverse base of clientele, including major corporations, government entities, and high-net-worth individuals, through its offices in Jordan and the Dubai International Financial Center (DIFC) in the United Arab Emirates. Pursuing its ambitious growth strategy, Capital Bank Group acquired Bank Audi's operations in Jordan and Iraq in 2021. This was followed by the acquisition of Société Générale Bank in Jordan in 2022, further solidifying its competitive position in the Jordanian banking sector. In early 2022, Capital Bank launched Blink, a digital bank aimed at redefining banking for retail customers. In 2022, Capital Bank strengthened its capital base by issuing a USD 100 million Tier 1 perpetual bond—the first of its kind for a Jordanian bank in the local market, listed on NASDAQ Dubai. Additionally, Capital Bank raised its capital by issuing new shares to the Public Investment Fund (PIF), one of the largest sovereign funds globally, as a strategic investor. With a 23.97% stake, this capital raise enabled the Group to continue executing its expansion strategy and its commitment to continue introducing innovative products and services that benefit both clients and shareholders. Commemorating its commitment to excellence in 2024, customer-centric practices, innovation, and excellence in digital banking services, Capital Bank of Jordan received the 'Best Digital Bank' award in Jordan from Euromoney magazine and the 'Best Mobile Banking App in Jordan' award from International Business Magazine.
