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Jordan Kuwait Bank issues its second Green Bond in partnership with IFC to advance sustainable finance in Jordan
AMMAN, Jordan, Aug. 4, 2026 /PRNewswire/ -- Jordan Kuwait Bank (JKB), in partnership with the International Finance Corporation (IFC), a member of the World Bank Group, has announced the issuance of its second Green Bond, reinforcing its leadership in sustainable finance and reaffirming its commitment to supporting Jordan's transition towards a more resilient and sustainable economy.
As part of this transaction, IFC is investing up to USD 100 million in the Bank's Green Bond issuance. The investment is further supported through a performance-based incentive under the IFC-UK Market Accelerator for Green Construction (MAGC)- a blended finance program supported by the United Kingdom, acting through the Department for Energy Security and Net Zero- which aims to encourage financing for certified green buildings and accelerate sustainable construction practices across emerging markets. Building on the successful issuance of Jordan's first Green Bond in 2023, this second issuance marks another important milestone in the Bank's sustainability journey and reflects the growing momentum of sustainable finance in the Kingdom. The proceeds of the bond will be allocated to finance projects across renewable energy, energy efficiency, blue finance, certified green buildings, and sustainable transport, supporting nvestments that deliver long-term environmental, social, and economic impact. The issuance is fully aligned with Jordan's Economic Modernization Vision, the Central Bank of Jordan's Green Finance Strategy, and the Kingdom's broader sustainability objectives. It also complies with the International Capital Market Association's (ICMA) Green Bond Principles and Jordan Kuwait Bank's Green Finance Framework, ensuring the highest standards of transparency, governance, and disclosure. This milestone reflects the continued confidence of leading international financial institutions in Jordan's banking sector and highlights Jordan Kuwait Bank's role in developing innovative financing solutions that contribute to sustainable economic growth while creating positive environmental and social impact. On this occasion, Haethum Buttikhi, Group Chief Executive Officer of Jordan Kuwait Bank, said "The issuance of our second Green Bond marks another important milestone in Jordan Kuwait Bank's sustainable finance journey and reinforces our long-standing commitment to supporting Jordan's transition towards a more resilient and sustainable economy. Building on the success of Jordan's first Green Bond, this issuance will mobilize capital towards projects that generate meaningful environmental and economic impact, while supporting the Kingdom's Economic Modernization Vision and strengthening the role of the financial sector in advancing sustainable development". "Our partnership with Jordan Kuwait Bank continues to raise the bar for sustainable finance in Jordan, launching the country's first green bond," IFC's Regional Industry Director for Financial Institutions, Momina Aijazuddin. "This second green bond marks the next chapter, supporting job creation, strengthen resilience, and accelerate sustainable growth in support of Jordan's Economic Modernization Vision." The second Green Bond builds on Jordan Kuwait Bank's long-standing commitment to integrating sustainability into its operations and financing activities. Over the years, the Bank has introduced a range of initiatives aimed at supporting responsible banking practices, financing environmentally sustainable projects, and contributing to the development of Jordan's sustainable finance ecosystem. Through continued collaboration with international development partners and the introduction of innovative financial solutions, Jordan Kuwait Bank remains committed to creating long-term value for its customers, shareholders, communities, and the environment, while supporting Jordan's national priorities for sustainable and inclusive economic growth. Editors notes: Jordan Kuwait Bank (JKB) is a leading Jordanian financial institution with total assets of over JOD 5.46 billion (US$ 7.70 billion). The bank is committed to delivering innovative banking solutions that support individuals, businesses, and communities. Established in 1976, it offers a comprehensive range of retail, corporate, and investment banking services through an extensive network of branches and digital channels. JKB combines financial expertise with a customer-centric approach, leveraging technology to enhance accessibility, efficiency, and security. Guided by strong governance and a commitment to sustainable growth, the Bank actively contributes to Jordan's economic development while fostering financial inclusion and innovation. Its "More than just a bank", slogan is brought to life through the successful issuance of Green Bonds which support environmental and social initiatives in the region. Through strategic partnerships and continuous investment in digital transformation, Jordan Kuwait Bank empowers customers to achieve their financial goals and create long term value for shareholders, clients, employees and the wider community. It role as a trusted gateway for international investors seeking to participate in the growth of Levant economies is delivered via a growing regional presence, physical branch network and deep local knowledge, which positions it uniquely to support cross-border investment and economic development across the region.
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