The Housing Bank was established in 1973 as a Jordanian limited public shareholding company. The Bank has started to operate as a specialized bank in the field of housing finance with a capital of half million dinars. Twenty-four years after its founding, it began a new phase of business when the Bank became a comprehensive commercial bank in 1997. The bank has increased its capital more than once during the past years. The most recent was in 2017, which reached JD 315 million Jordanian dinars ($ 444 million dollars). The consecutive departments of the Bank have aimed to strengthen its capital base by strengthening its different reserves with total Property rights of 1.1 billion Dinars.

 The first step to open new branches outside Jordan was towards Palestine. The first branch of the bank was opened in Ramallah in the end of September 1995 as a contribution step to the rebuilding of the Palestinian economy with a network of 15 branches and 33 ATMs spread in all Palestinian governorates.

Palestinian branches consider as a part of housing bank network which located in several Arab countries as Jordan and Bahrain, in addition to the bank’s representative offices in several countries such as (Libya, United Arab Imarets and Iraq), and its group of subsidiaries in: (Syria, Jordan, Algeria, United Kingdom).