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Jordan's Housing Bank has new acting GM

Amman, May 24, 2010

Jordan's Housing Bank for Trade and Finance, the country's second largest lender, on Monday named Omar Malhas, a 20-year veteran of the bank, as acting general manager.

Malhas was previously Housing Bank's chief banking officer (CBO), a post which gave him overall charge of the bank's credit policies as well as its foreign operations.

Jordan's Housing Bank, with assets of 6.1 billion dinars ($8.5 billion), has not had the second top position occupied since the resignation of the former CEO, Shukri Bishara, nearly a year ago.

The bank's main shareholders are Qatar National Bank with over 35 percent, Libya's Foreign Bank with 15 percent and Kuwait's Real Estate Investment Consortium with over 18 percent. Jordan's state pension fund also has 15 percent. - Reuters




Tags: Jordan | Housing Bank |

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