Standard Chartered agrees to sell Jordanian business to AJIB
Millennium Post Delhi|March 27, 2023
DUBAI: Standard Chartered plans to sell its Jordanian business to Arab Jordan Investment Bank (AJIB), the two parties said on Sunday, as the emerging markets-focused lender presses ahead with plans to exit seven markets in Africa and the Middle East.
Standard Chartered agrees to sell Jordanian business to AJIB

The bank entered into an agreement with AJIB, subject to central bank approval, which will see Standard Chartered’s corporate, commercial and institutional banking, consumer lending and private banking businesses migrated to AJIB, Reuters reported.

All Standard Chartered Bank employees in Jordan will be transferred to AJIB, it said an emailed statement.

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