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About Us

    Introduction
    Brief History
    The Founding
    Mission

    Vision
    Board of Directors
    Organization Chart & Key Management

 

Introduction

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

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

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.            

Mission

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
 

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:

·         Continuous improvement of its corporate image

·         A balanced and sustainable growth of its assets
and market share 

·         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.

·         Utilization of modern banking techniques to insure
quality and effective service.

 

Board of Directors

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


Organization Chart & Key Management
 

Who’s who in the Bank ?

      Organization Chart
 



      Click to Enlarge Picture


      Key Management :
 

 Chairman & General Manager

 Mr. Isam Salfiti

 AGM / Banking Services

 Mr. Jawad Halbouni

 AGM / Central Operations

 Mr. Suheil Amin

 AGM / Financial & Administrative Operations Manager

 Mr. Nabeel Ramadan

 AGM/ Internal Audit and Inspection Manager

 Mr. Marwan Shehadeh

 AGM / Head of Retail Banking  Mr. Bassem Zraikat
 AGM / Risk Managment & Compliance  Mrs. Dima Akel

 Treasury and Investment Manager

 Mr. Rafiq Shuhaibar

 Treasury & Local Investment Manager

 Mr. Hanna Khouri

 Union Financial Brokerage Manager

 Mr. Kamel Al-Zeereh

 Central Exchange Unit Manager      

 Mrs. Samia Al-Zoubi

 Assistant Central Operations Manager         

 Mr. Wael Abd Al Salam

 Information Systems Manager    

 Mr. Osama Al-Ramahe

 Organization & Operation Risk Manager

 Mr. Ziad Abbasi

 Retail Banking Manager

 Mr. Awni Abu Serrieh

 Corporate Banking Manager

 Mr. Hasan Abu Hussain

 Manager of Banking Services for SME

 Mr. Raef Abu Dahoud

 Marketing & Public Relations Manager  Mrs. Hana Al Shihabi

 Credit Administration & Control & Review Manager

 Mr. Abed Al-kareem Abu Sabah



Legal Counselor

Mr. Nabeel Rabah   

External Auditors
Allied Accountants / Ernst & Young

 
 

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