The Bank was established in 1973 as a limited public shareholding company to provide housing finance. The Bank was converted into a fully-fledged commercial bank in 1997. Currently, The Housing Bank for Trade & Finance (HBTF) stands at the helm of the Jordanian banking industry, offering comprehensive services that meet the needs of over 707 thousand clients through 112 domestic branches (or 106 domestic branches and 6 Offices) .
Regionally, HBTF has 12 branches in main Palestinian cities and a branch in Bahrain. In addition, it has three representative offices in Abu Dhabi, Libya, and Iraq. Furthermore, HBTF has three subsidiary banks; The International Bank for Trade & Finance/Syria, The Housing Bank for Trade & Finance/Algeria, and Jordan International Bank.
The Bank’s capital was increased several times; the latest took place in 2006, where capital was increased from USD141 Million to USD355 Million.Shareholders’ Equity reached USD 1.4 Billion as of December 31st, 2010.
The Bank provides comprehensive services which cover:
Retail Banking: the bank offers a number of services under the umbrella of retail banking for the bank’s individual clients and small enterprises which include account services, debit cards, credit cards, personal loans, consumer payments and electronic banking services through the largest network of branches and ATM machines which (113 branches and 198 ATM machines) .
Commercial Banking: the bank provides credit facilities to medium and large sized enterprises that operate in different sectors in the local and regional economies for different purposes such as financing projects and trade activities.
Treasury: the Bank offers diversified and comprehensive investment solutions which include spot foreign currency and precious metals trading (through account/ account and margin account services), forward contracts trading, brokerage services for various investment securities in the local and major international financial markets, portfolio and futures management services as well as custody service.
Corporate & Investment Banking:the bank has positioned itself as a leader in the market for Project/Structured Finance in Jordan by arranging and participating in a number of syndicated loan facilities in which it assumes the roles of lead arranger, underwriter, facility agent, and security agent and account bank. The primary focus of Corporate & Investment Banking is directed towards large-scale infrastructure, energy, oil and industrial mega projects which contribute to the development of local and international economies. Furthermore, the bank provides a wide range of advisory services, such as Mergers and Acquisitions, Debt Restructuring, Feasibility Analysis, Business Valuation, Private Placements and Capital and Equity Market Products, to local and international strategic clients.
Major Shareholders in HBTF are (as of September , 2011):
·Qatar National Bank; 34.48%
·Kuwait Real Estate Investment Consortium; 18.61%
·Libyan Foreign Bank; 15.94%
·Social Security Corporation (Jordan); 15.39%
The Housing Bank for Trade & Finance
Consolidated Financial Figures for the Years Ended
(Million USD)
Item/Year
2007
2008
2009
2010
2011
Total Assets
7080.3
7659.3
8589.8
9421.0
9785.4
Customers’ Deposits
4937.2
5309.5
6248.7
6782.0
6817.7
Credit Facilities – Net
2731.0
3302.7
3340.7
3454.2
3529.0
Shareholders’ Equity
1255.7
1284.9
1363.1
1444.1
1478.9
Gross Income
336.8
345.8
367.2
372.3
424.1
Pre-Tax Profit
217.9
200.3
136.8
164.2
191.4
Net Profit
157.3
142.9
93.9
124.7
141.0
ROAA1
2.5%
1.9%
1.2%
1.4%
1.5%
ROAE 1
12.9%
11.3%
7.1%
8.9%
9.7%
1.Ratio calculated using Net Profit.
H.E. Dr. Michel Marto
Chairman
Mr. Omar Malhas
General Manager
Mr. Osama al Haj
Chief Operating Officer
Mr. Caesar Qulajen
Chief Banking Officer
Mr. Mohammad Ibrahim
Assistant General Manager for Commercial Banking
Mr. Riyad Al Taweel
Assistant General Manager for Treasury
Head Office
Amman/ Abdali Area – Parliament Street
P.O.Box 7693, 11118 Amman - Jordan
General Telephone: +962 6 5005555
Financial Institutions Department
Fax: 962 6 5662380
Mr. Sa’ed Zuraikat: Executive Manager – Financial Institutions
