Jordan Kuwait Bank (JOKB.AM)

Also known as:  JKB

KIPCO Group purchases 51% JKB stake from Burgan Bank

Kuwait: KIPCO - the Kuwait Projects Company - has announced the purchase by the Group of a 51 per cent stake in Jordan Kuwait Bank (JKB) from Burgan Bank. The purchase is part of a series of transactions by Burgan Bank to meet capital ratios required under Basel III. Following these transactions, Burgan Bank's balance sheet will be more flexible and will better support its growth plans. Burgan

Kuwait Times - 31-Dec-2015

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Peers

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ARAB BANK 4.110 JOD0.00
ARAB BANKING CO 0.670 JOD0.00
ARAB JOR/INV/BK 1.080 JOD0.93
BANK OF JORDAN 1.770 JOD0.00
CAIRO AMMAN BANK0.940 JOD0.00
UNION BANK 1.560 JOD0.00
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