HBTF International Subsidiaries
With the Aim of providing a Wider Range of Banking Services, and to cease a new Opportunity, the Housing Bank decided to penetrate the markets of Algeria as well as Syria by opening subsidiaries there in 2003.
Moreover, in 2010; the Housing Bank took a strategic decision in consolidating its presence in the UK through acquiring a controlling share in the Jordan International Bank; amounting to 68.75% before reaching 75% in 2013, as it also raised its share in Algeria from 61.2 to reach 85% during 2014, these International subsidiaries serve the markets were they are located at through a network of 39 branches dispersed across (Algeria, Syria and the UK).
In addition, the Housing Bank has local subsidiaries represented in the Specialized Leasing Company and the International Financial Center as well as representative offices in the U.A.E, Libya and Iraq.
In addition, the Housing Bank has local subsidiaries represented in the Specialized Leasing Company and the International Financial Center as well as representative offices in the U.A.E, Libya and Iraq.
International Bank for Trade and Finance- Syria
The International Bank For Trade & Finance/ Syria (IBTF), was established in December 2003, it’s Paid-up Capital is 8.4 Billion Syrian Lira, and the ownership percentage of The Housing Bank Group is 49.06%, IBTF provides a set of comprehensive banking services tailored to meet the needs of it’s retail and corporate customers, and IBTF owns a widespread network composed of 29 branches which are spread across the Syrian governorates.
Contact Details
Address: Head Office, Damascus -Alsaba'a Bahrat-Alpakistan St.
P.O.Box : 10502 Damascus-SyriaTelephone: +963 11 23880000Fax: +963 11 2325793Email : Info@ibtf.com.syWebsite Address: http://www.ibtf.com.sy
Facebook: IBTF – The International Bank For Trade & Finance
WhatsApp: (+963) – 955- 666617
Jordan International Bank (JIB)
As part of the Bank`s efforts to expand beyond the Middle East and North Africa region, the Bank raised its stake in the share capital of Jordan International Bank - London (JIB) to 68.6% in 2010 and later it reached 75%, thus acquiring a controlling stake and adding a subsidiary branch to its group. At the time, JIB`s share capital was raised to GBP 65 million.
Contact Details
ALMACK HOUSE, 1ST FLOOR
28 – 26 KING STREET, LONDON
SW1Y 6QW
U.K
Telephone:- +44 – 2031440200
Fax :- +44 – 2031440259
Email:info@jordanbank.co.uk
The Housing Bank for Trade and Finance - Algeria
The Housing Bank for Trade & Finance - Algeria was founded in October 2003 with a capital of PZD 10 billion (equivalent to about USD 139 million), of which 61.2% is held by The Housing Bank for Trade and Finance, and later this share was raised to reach 85% in the year 2014.
The Housing Bank for Trade & Finance - Algeria also offers a wide array of financial services to clients in the retail and corporate segments of the Algerian market.
Through its leading position in the Algerian market, The Housing Bank for Trade & Finance - Algeria continues to capitalize on business opportunities with reputable companies in harmony with its expansion strategy and international diversification policy, thus bolstering its position in the Algerian banking market.
Contact Details:
Address: 16 Ahmed Waked St, Dali Ibrahim
Telephone: (+213) - 23 31 29 29
Fax: (+213) - 23 31 29 46
