Regulatory Alerts2022-10-13
Added · Updated
Central Bank of Jordan Circular No. 10/3/18224: Repeal of Provisions on Provisions for Expropriated Properties
The Central Bank of Jordan repeals the requirement to deduct provisions for properties expropriated in violation of Banking Law No. 28 of 2000, as established in Circular No. 10/1/4076 dated March 27, 2014, and subsequent circulars including Nos. 10/1/6841, 10/1/2510, 10/1/16607, 10/1/13967, and item 1 of Circular No. 10/1/16239. Banks are instructed to maintain existing provisions allocated against such expropriated properties and to release these provisions only when the specific non-compliant properties are disposed of.
More like this from CBJ
CBJ published 1 document in the last 30 days. We email you each new one the day it's published.
Share