The National Bank البنك الوطني

Company Description

The National Bank, listed on the Palestine Securities Exchange, under ticker symbol "TNB", is the second largest Palestinian bank and the fastest growing in the country. The National Bank is one of the country's most trusted providers of comprehensive financial services for the corporate, retail, investment, and microfinance sectors. Due to its solid financial performance, The National Bank is classified as a systemically important financial institution by the Palestine Monetary Authority (PMA). At The National Bank, our motto is "Confidently Forward." Our in-depth regional market acumen allows us to deliver stability and global best practices, making us Palestine's modern banking alternative for clients seeking reliable, world-class financial services. The National Bank has executed the highest number of successful M&A transactions in the Palestinian banking sector; in 2015, and in a groundbreaking transaction, The National Bank acquired Bank al Etihad's operations in Palestine to become the first Palestinian bank on record to acquire a Jordanian bank. In 2018, The National bank led a consortium acquiring a majority stake in the Palestinian Islamic Bank (PIB), in the largest transaction in the history of Palestine Stock Exchange. Recently, The National Bank also acquired the operations of the Jordan Commercial Bank (JCB) in Palestine, increasing its paid-up capital to $92 million after the transaction.

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Financial

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