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TNB announced its intention to acquire Jordan Commercial Bank in Palestine


The National Bank TNB announced its intention to sign a memorandum of understanding with Jordan Commercial Bank/Jordan to agree on the possibility to acquire the assets, liabilities and shareholders’ equity of Jordan Commercial Bank in Palestine versus obtaining a percentage of TNB’s paid up capital by Jordan Commercial Bank in Jordan that will be determined later after increasing its capital. This will be subject to the approval of Palestine Monetary Authority PMA and the relevant authorities.



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