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Banking

Cairo Amman Bank decides to increase exposure in Jordan by 12%.

Cairo Amman Bank decides to increase exposure in Jordan by 12%. Cairo Amman Bank (CAB) issued a statement saying that given the current situation in the Palestinian territories, the management of Cairo Amman Bank (CAB) has decided to allocate JOD 5.25mn (USD 7.4mn) for Palestinian clients. These funds will be given to Palestinians as credit. The bank also decided to increased credit facilities in Jordan by 12% to JOD 493.3mn.

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