Regulatory Alerts2019-07-29
Added · Updated
Aggregate Values of Equivalence Indices Used to Determine Systemically Important Banks at the Local Level for 2018
The Central Bank of Jordan publishes aggregate equivalence index values for 2018 to enable licensed banks to calculate their systemic importance at the local level. The document specifies quantitative thresholds across four categories: Size, Interconnectedness, Substitutability, and Complexity, with figures expressed in thousands of Jordanian Dinars. These metrics include total assets, off-balance sheet liabilities, banking sector deposits, credit facilities, and cross-border financial assets.
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Aggregate Values of Equivalence Indices Used to Determine Systemically Important Banks at the Local Level For the purpose of enabling banks to calculate their systemic importance for 2018
| Indicator | Measurement Tool (Sub-indicator) | Sub-indicator Value for all Licensed Banks Based on 2018 Bank Data (Thousands of JDs*) |
|---|---|---|
| Size | Total assets of bank branches within Jordan | 48,954,995 |
| Total off-balance sheet liabilities of Jordan branches | 9,371,566 | |
| Interconnectedness | Total balances and deposits with banks and banking institutions (Asset side**) | 5,710,836 |
| Total deposits of banks and banking institutions (Liability side**) | 5,807,734 | |
| Substitutability | Total facilities granted to individuals in addition to real estate facilities** | 15,364,822 |
| Total facilities granted to companies** | 24,532,003 | |
| Total facilities granted to the Government and the public sector** | 3,411,795 | |
| Volume of transactions in the Jordan National Payment System RTGS*** | 92,972,015.5 | |
| Complexity | Total assets of the bank outside Jordan (assets of bank branches and its subsidiaries outside Jordan) | 30,340,986 |
| Off-balance sheet liabilities outside Jordan (issued and confirmed letters of credit, guarantees, acceptances, unused limits, etc.) | 11,533,511 | |
| Financial assets at fair value through profit or loss + Financial assets at fair value through other comprehensive income** | 1,728,766 |
- Values are in total, i.e., before excluding provisions, accrued interest, and any other exclusions. ** At the level of consolidated financial data (Jordan branches and abroad, and subsidiaries inside and outside Jordan). *** The value of Swift messages issued by each bank and their types (102, MT103, MT202, MT...) was adopted, which were credited to their central accounts defined in the National Payment System during the year 2018 according to Central Bank data.
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