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BANKING

Jordanian banking sector's assets at JOD50.9 billion in 2018November 14, 2019

Amman, Nov. 13 (Petra) -- The combined value of assets held by Jordan's banking sector picked up by 3.7 percent in 2018 to a staggering JOD50.9 billion while deposits inched up by 2 percent to JOD33.85 billion.

According to data by the Association of Banks in Jordan (ABJ), credit facilities offered by banks operating in the Kingdom hit JOD26.11 billion in 2018, indicating a 5.6-percent increase. Chairman of the association, Hani al-Qadi, said the local banking sector's indicators showed overall improvement,"...

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Experts welcome CBJ decision to lower interest ratesNovember 2, 2019

AMMAN — Economists on Thursday welcomed the Central Bank of Jordan’s (CBJ) decision, for the third time this year, to lower interest rates on all monetary policy instruments by 25 basis points, saying it will have a “positive impact” once banks comply.

The decision “coincided with the Federal Reserve System in the US which lowered its interest rate as well, and here we are talking about the accumulation of three-quarters"...

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