PROJECT

Projects

Summary of Investment Information

Project Number

44560

Company Name

CAPITAL BANK OF JORDAN

Date SPI Disclosed

Feb 9, 2022

Country

Jordan

Region

Middle East

Projected Board Date

Mar 12, 2022

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jul 2, 2025

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Mar 4, 2022
Signed : Mar 30, 2022
Invested : Aug 31, 2022

Sector

Commercial Banking - Trade and Supply Chain

Project Description

 The proposed investment consists of a one-year senior loan, renewable for an additional one-year, of up to US$25 million to Capital Bank of Jordan (“CAP” or the “Bank”) under the COVID-19 Emergency Response WCS Envelope (WCS Envelope). The WCS Envelope is designed to provide funding to existing IFC client banks in emerging markets that will then extend trade-related or working capital loans to companies whose cash flows have been disrupted by the global outbreak of the coronavirus pandemic.                                                          

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation