In the Name of Allah, the Most Gracious, the Most Merciful =================

Central Bank of Jordan
Banking Supervision Department Inquiries and Follow-up Section

Number: 7020 / 16251
Date: 20 / 8 / 1980 AD
Corresponding to: 9 / 10 / 1400 AH

Memorandum to Licensed Banks
No. ( 80 / 40 )

It has come to my knowledge that some commercial banks are reluctant to grant credit facilities to certain clients on the grounds that the Central Bank's instructions do not permit granting the requested facilities, instead of disclosing to them the true reasons for rejecting their applications.

Since the Central Bank's instructions are clear on this matter, I hope that commercial banks will adopt the correct banking approach in granting their credit facilities and inform their clients of the reasons for refusing to grant them facilities, rather than blaming the Central Bank of Jordan.

Please accept the highest regards,

Governor