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About Us
Introduction
Brief History
The Founding
Mission
Vision
Board of Directors
Organization Chart & Key Management

Introduction
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Union Bank for Savings & Investment is considered one of the
leading
Banks in providing a variety of financial services and
consultations both
locally & Internationally.
The bank employs the most qualified and well-trained staff
who utilizes
the most up-to-date technological resources to provide
sophisticated
Banking Services efficiently and effectively. |
Brief History
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During the implementation of the Jordan Development Plans
towards the end of the 1970s, lacking from the Jordanian
market were the financial instruments necessary to attract
private investment to finance development projects. Also
missing were financial institutions specialized in capital
markets including the issuance and marketing of shares and
corporate bonds. |
The Founding
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The Arab Finance Corporation (Jordan), which was later
licensed as Union Bank for Savings & Investment, was
established to fill this void. AFC (Jordan) was incorporated
and registered in the official registry of Jordanian
Companies at the Ministry of Industry and Commerce on
November 20th, 1978, as a public shareholding company under
number “123”. The founding of the company was completed on
January 24th, 1979, with paid up Capital of JD 2,125,000
held by Jordanian and other Arab investors.
The Central Bank of Jordan issued its license for the
company to operate as a financial Corporation and Money
Exchanger. AFC (Jordan) also gained its brokerage and
underwriting licenses from the Amman Financial Market at the
time, Amman Stock Exchange now.
By 1/7/1991 the company completed all the requirements for
its transition to an Investment Bank, under the name of
“Union Bank for Savings & Investment”.
Throughout the following years, the Bank accomplished a
steady and sustainable growth, and as a result of a series
of mergers, capitalization and stock issues, the Bank's paid
– up capital reached JD. (40,000,000) By the year of 2005.
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Mission
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Union Bank for Savings & Investment mission is to contribute
to the growth of the local economy through direct and
indirect investments of the national resources, in projects
that provide a positive contribution to the welfare of the
kingdom and to the benefit of its shareholders, employing
the most advanced techniques to offer state – of – the –
art banking & investment services.
The Bank's sources of income are not limited to the
traditional banking interest and commissions income, but
rather from trading in stocks, bonds and derivatives as well
as from trading in precious metals and foreign exchange.
These sources also include commissions on customers` trading
in the international capital and money markets as well as
storage fees in our bonded warehouses.
The Bank has access to a wide network of reputable
correspondent banks worldwide that enable it to provide a
variety of competitive international financial services to
its clients. |

Vision
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Union Bank for
Savings and Investment strives to be on the
leading edge of technological advancement in
Banking & Investment, through its highly
qualified team of professional employees.
The bank utilizes up-to-date information systems
and communication tools to achieve the
following: |
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Continuous improvement of its corporate image
·
A
balanced and sustainable growth of its assets
and market share
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Maximization of the return on its Assets , Shareholders
Equity and goodwill.
·
Providing a suitable environment in order to improve
its Human Resources skills and help them realize
their potentials.
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Utilization of modern banking techniques to insure
quality and effective service.

Board of Directors
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Mr. Issam
H. Salfiti
Chairman/ General Manager
Dr. Khalid Zantouti
Vice Chairman
Rep. Sirt Securities International N.V.
Mr. Samir Abu Rawi
Rep. Sirt Securities International N.V.
Mr.
Muhyieddin Al-Ali
Representing Union
Investments
Mr.
Khaldoun Amasheh
"resigned on 22/4/2007"
Dr. Ahmad
Al Rifai
Rep. Social Security Corporation
Mr. Rauf.
J. Salfiti
Eng.
Awni Al-Sakit
Representing Awni Al-Sakit & Associates Co.
Mr. Nabil
Abdel Hadi Hammoudeh
Rep. Jordan Chemicals Co. Mr. Rajai
Salfiti
Mr.
Abdel-Halim Al-Majali
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Organization Chart & Key Management
Organization
Chart

Click to Enlarge Picture
Key
Management :
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Chairman &
General Manager |
Mr. Isam
Salfiti |
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AGM / Banking
Services |
Mr. Jawad
Halbouni |
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AGM / Central
Operations |
Mr. Suheil
Amin |
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AGM
/ Financial & Administrative Operations
Manager |
Mr. Nabeel
Ramadan |
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AGM/
Internal Audit and Inspection Manager |
Mr.
Marwan Shehadeh |
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AGM
/ Head of Retail Banking |
Mr.
Bassem Zraikat |
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AGM
/ Risk Managment & Compliance |
Mrs.
Dima Akel |
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Treasury
and Investment Manager |
Mr. Rafiq
Shuhaibar |
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Treasury
& Local Investment Manager |
Mr. Hanna
Khouri |
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Union
Financial Brokerage Manager |
Mr. Kamel Al-Zeereh |
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Central Exchange Unit
Manager |
Mrs. Samia Al-Zoubi |
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Assistant
Central
Operations Manager |
Mr. Wael Abd
Al Salam |
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Information
Systems Manager |
Mr. Osama Al-Ramahe |
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Organization & Operation Risk Manager |
Mr. Ziad Abbasi |
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Retail Banking
Manager |
Mr. Awni Abu
Serrieh |
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Corporate
Banking Manager |
Mr. Hasan Abu
Hussain |
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Manager of Banking
Services for SME |
Mr. Raef
Abu Dahoud |
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Marketing
& Public Relations Manager |
Mrs. Hana Al Shihabi |
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Credit
Administration & Control & Review Manager |
Mr. Abed Al-kareem Abu Sabah |
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Legal
Counselor
Mr.
Nabeel Rabah
External
Auditors
Allied Accountants / Ernst & Young |
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