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INVESTBANK signs lending agreement with Jordan Mortgage Refinance Company

Date: 
Sun, 03/22/2015

AMMAN – INVESTBANK, the leading bank in providing innovative banking solutions, has signed an agreement with the Jordan Mortgage Refinance Company (JMRC), granting the bank JD 5 million.   

 

The three-year lending agreement, signed by INVESTBANK CEO, Muntaser Dawwas, and JMRC CEO, Ibrahim Thaher, will enable INVESTBANK to refinance its housing loans via mortgage guarantees.

 

“The agreement aims to provide liquidity to the real estate sector in Jordan; the key driver to more than 35 vibrant industries. It contributes to driving and accelerating economic growth in Jordan.” explains Dawwas. “INVESTBANK seeks to empower the real estate sector by offering comprehensive solutions for investors, agents and individuals alike,” adds Dawwas.  

 

 

In line with this vision, INVESTBANK has established a specialized real estate department, which offers consultancy and financial services addressing the growing needs of this dynamic sector.

 

“This agreement is in line with JMRC’s strategy to leverage the local housing and real estate industry, by offering financial services to banks and financial institutions operating in this sector,” says Thaher.      

 

INVESTBANK currently offers Mortgage 5; a local lending program designed to serve clients seeking to finance their homes via flexible repayment schemes and advantages.  

 

 

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About INVESTBANK

 

INVESTBANK was founded in 1982 and offers integrated banking services in Jordan, employing more than 350 people across eleven branches in major cities across the Hashemite Kingdom. INVESTBANK meets the needs of its clients through: banking services for small, medium, and large companies as well as individuals, wealth management, and investments. Dedicated premium services to affluent clients through dedicated private lounges, PRIME Banking. Subsidiaries of INVESTBANK include IMDAD for supply chain financing and logistics, Al MAWARED for Brokerage and TAMKEEN for financial leasing. In the first step of its kind in Jordan, INVESTBANK launched the ‘Automatic Safety Deposit Box’ service, and hopes to meet all market needs in order to achieve a prosperous and secure future. This will be realized through providing innovative and original services and products for all its clients, while also participating in the promotion of societal growth. 

 

For more information, please contact 06 500 1515 or visit the following website: www.investbank.jo  

 

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