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 serves the markets were they are located at through a network of 36 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.
International Bank for Trade and Finance- Syria
The International Bank for Trade and Finance (IBTF) was founded in December 2003 in Damascus, Syria with a capital of SYP 5 billion (equivalent to about USD 105 million), of which 49.1% is held by The Housing Bank for Trade and Finance.
IBTF offers comprehensive retail and corporate banking services and has a wide network of branches distributed throughout the Syrian governorates.
Contact Details
Address: Head Office, Damascus, Sabe'a Bahrat, Pakistan St.
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.
Like the Bank`s other international subsidiaries, JIB offers a wide range of banking and financial services to corporate and retail customers inside and outside the United Kingdom.
Contact Details
Address: Almack House, 26-28 King Street, London, SW1Y 6QW
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:
General Manager: Mr. Houcine Hannachi
Address: 16 Ahmed Waked St, Dali Ibrahim
P.O.Box: 103
Postal Code 16 320 Dali Ibrahim, Algeria.
Telephone: +213 23 31 29 29
Fax: +213 23 31 29 46
