HSBC Bank Middle East Limited, an indirect subsidiary of HSBC Holdings plc (HSBA.L,HBC), announced it has entered into an agreement to sell banking business in Jordan to Arab Jordan Investment Bank plc. The transaction is expected to complete during the first half of 2014.
HSBC stated that, at 30 September 2013, the banking business in Jordan comprised four branches with gross assets of approximately $1.203 billion.
by RTT Staff Writer
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