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4-Traders Homepage  >  Equities  >  AMMAN STOCK EXCHANGE  >  Cairo Amman Bank PSC    CABK   JO1102111019

CAIRO AMMAN BANK PSC (CABK)
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Cairo Amman Bank PSC : EBRD provides Cairo Amman Bank with 20 million loan to boost small businesses in Jordan

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01/22/2018 | 11:09pm CEST

Amman, Jan.22 (Petra) -- The European Bank for Reconstruction and Development (EBRD) said Monday it will provide a $20 million loan to Cairo Amman Bank (CAB) for on-lending to local micro, small and medium-sized enterprises (MSMEs), continuing its support of the development of small businesses in Jordan.

Access to finance remains a challenge for Jordan's MSMEs, despite the fact that they account for 95 per cent of active firms in the country, as well as 70 per cent of total private sector employment, an EBRD statement said, adding that Jordan's MSMEs also generate approximately 40 per cent of the country's Gross Domestic Product (GDP).

EBRD Director for the Eastern Mediterranean region, Heike Harmgart said: "We are very happy to partner once again with CAB to support the Jordanian private sector. MSMEs are a priority sector for the EBRD as they are the backbone of the economy and contribute significantly to employment and economic growth." General Manager of Cairo Amman Bank, Kamal Al Bakri said: "CAB strongly supports the development of the MSME sector in Jordan. This has been a major component of our strategic goal in pursuing economic growth, partnering with the government and individual enterprises by presenting opportunities for them to transform their projects from a blueprint into reality." //Petra// AF 22/1/2018 - 07:50:57 PM

(c) 2018 2017 Petra News Agency, All Rights Reserved Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( JOD)
Sales 2018 155 M
EBIT 2018 -
Net income 2018 44,0 M
Debt 2018 -
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
Capi. / Sales 2018 1,73x
Capi. / Sales 2019 1,73x
Capitalization 268 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Average target price 2,00  JOD
Spread / Average Target 34%
Managers
NameTitle
Kamal Ghareeb Abdel Rahim Al-Bakri General Manager
Yazid Adnan Mustafa Al-Mufti Chairman
Jan S. Mahmoud Yadaj Zakaria Head-Operations
Fuad Younes Abdel Lateef Saleh Head-Finance Division
Hisham Banna Head-Information Technology