Jordan Commercial Bank and "JOFICO" Sign an Insurance Services Agreement
Jordan Commercial Bank and (JOFICO) signed an insurance services agreement under which JOFICO insures the vehicle loans granted by the bank, in order for the bank to meet the financing needs of vehicle loans for the largest number of customers.
The agreement was signed on behalf of the bank by Mr. Cesar Qulajn / General Manager and by Dr. Odeh Abu Jaoudeh / Chief Executive Officer of JOFICO, in the building of the general management of the bank, in the presence of a number of members of the executive management from both parties.
Regarding this agreement, Qulajn stated, “This agreement is a confirmation of our constant endeavour and interest in providing various banking products and services with the best insurance guarantees, including vehicle loan programs. All segments, in proportion to their financial capabilities and ability to repay, which will certainly contribute to achieving the bank's expansion goals in the Jordanian market."
For his part, Abu Joudeh expressed his happiness at signing this agreement with the Jordan Commercial Bank and added: “The signing of this agreement comes as a culmination of the strong relationship that extended for many years with the Commercial Bank and the quality of services provided by both parties.” Dr. Abu Joudeh stressed the company's desire to strengthen the relationship with the Commercial Bank through the provision of other insurance services provided by the company and its keenness and interest in providing any insurance products that would contribute to increasing the bank’s market share in the field of vehicle financing due to its interest for both parties.
(JOFICO) is considered one of the leading companies in the Jordanian market in the field of insurance since 1976.