Jordan Commercial Bank and Jordanian French Insurance Company (Jofico) recently signed an insurance services agreement under which Jofico will insure vehicle loans granted by the bank in order to enable the bank to meet the financing needs of vehicle loans for the largest possible number of customers.

The agreement was signed on behalf of the bank by Mr. Caesar H.Qulajen/General Manager and on behalf of Jofico by Dr. Awdeh Abu Jodeh/CEO at the bank's head quarter building in the presence of a number of members of the executive management of both parties.

Commenting on the agreement, Qulajen said: "This agreement comes as confirmation of our continuous endeavor and interest in providing diverse banking products and services with the best insurance guarantees, including vehicle loan programs. This agreement is an additional addition to the list of insurance services on the diverse banking products and services that the bank provides to its customers to meet the needs of all segments in a manner that is consistent with their financial capabilities and repayment capabilities, which will certainly contribute to achieving the bank's expansion goals in the Jordanian market."

For his part, Abu Jodeh expressed his happiness at signing this agreement with Jordan Commercial Bank and added: "The signing of this agreement comes as a culmination of the strong relationship that has extended for many years with Jordan Commercial Bank and the quality of services provided by both parties." Dr. Abu Jodeh also affirmed the company's desire to expand and strengthen its relationship with Jordan Commercial Bank by providing other insurance services offered 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 in the interest of both parties.

Jordanian French Insurance Company (Jofico) is one of the leading companies in the Jordanian insurance market since 1976