DUBAI, March 26 (Archyde.com) – Standard Chartered said on Sunday it plans to sell its Jordan business to Arab Jordan Investment Bank (AJIB) as part of its plan to exit seven markets in Africa and the Middle East.
To this end, the British bank has concluded an agreement, subject to the green light from the central bank, to sell its business banking, commercial banking and private banking activities to AJIB.
All Standard Chartered employees in Jordan will transfer to AJIB. (Report Hadeel Al Sayegh, French version Matthieu Protard)
