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- Largest debt mobilisation in the financial sector in Jordan including an A/B loan structure
- Largest Basel III-compliant subordinated loan to a financial institution in Jordan
- Facility to promote green lending and MSME finance
The European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development and a consortium of international financial institutions are mobilising a Basel III-compliant subordinated loan of up to US$ 135 million, including an A/B structure, for Capital Bank, one of the leading private banks in Jordan.
This is the first EBRD A/B loan in Jordan. It includes an EBRD A loan of up to US$ 25 million and a B loan of up to US$ 20 million from ILX Fund.
The consortium of international institutions co-investing in the subordinated debt financing includes the SANAD Fund for MSME, which is providing US$ 15 million and the Green for Growth Fund, which is lending US$ 25 million, both advised by Finance in Motion. The OPEC Fund will lend up to US$ 25 million and the Arab Fund for Economic and Social Development (Arab Fund) will provide as much as US$ 25 million.
The financing underscores the scale of the collaborative effort between all lenders. The facility will strengthen Capital Bank’s Tier II capital and enhance its lending capacity to Jordanian micro, small and medium-sized enterprises (MSMEs). Part of the loan will be allocated for on-lending to eligible green sub-projects, contributing to the country’s sustainable development agenda and the Central Bank of Jordan’s Green Strategy for the financial sector.
Mark Davis, EBRD Managing Director for the Southern and Eastern Mediterranean region, said: “This is a clear demonstration of how international financial institutions are deepening their collaboration to drive economic growth and accelerate the expansion of green finance. We are proud to have played a leading role in this consortium.”
Tamer Ghazaleh, CEO of Capital Bank, said: “We are proud to partner with leading international development finance institutions. This agreement reinforces Capital Bank’s market leadership and ability to deliver sustainable growth. The loan supports our sustainability vision and enhances our capacity to finance projects that advance the transition to a more sustainable, environmentally responsible economy, in line with Jordan’s Economic Modernization Vision, the Paris Agreement, and other global initiatives. We remain committed to innovative financing solutions that help grow the green economy and enable small and medium-sized enterprises to achieve lasting success.”
Capital Bank is the fourth-largest commercial bank incorporated in Jordan. It is listed on the Amman Stock Exchange, with a market capitalisation of JOD 728 million (US$ 1 billion) as of 23 October 2025.
Since 2012, the EBRD has invested more than €2.2 billion in 82 projects across Jordan, with 74 per cent directed to the private sector, including financial support for the country’s banking sector through MSME loans, subordinated debt and trade finance facilities.