Regulatory Alerts2016-11-20
Added · Updated
Central Bank of Jordan Circular No. 15009/23/2 on Macroeconomic Model Data Collection
The Central Bank of Jordan requires licensed banks to submit specific loan and facility data for the third, sixth, and ninth quarters of 2016. Banks must provide details on Loan to Value ratios, total residential and commercial real estate loans, and facility values by collateral type within two weeks of the circular's date. This data submission is mandated for the purpose of building a macroeconomic model in cooperation with the International Monetary Fund.
In the Name of Allah, the Most Gracious, the Most Merciful
Central Bank of Jordan
Reference No.: 15009 / 23 / 2 Date: 20 / 12 / 1438 AH Corresponding to: 20 / 11 / 2016 AD
Circular to Licensed Banks
Greetings,
Further to our Circular No. (2752/23) dated 10/4/2014, and based on the provisions of Article (45/A) of the Central Bank of Jordan Law No. (23) of 1971 and its amendments, and within the framework of the Central Bank's preparations to build a macroeconomic model in cooperation with the International Monetary Fund, you are requested to provide us with the data shown in Table No. (1) and Table No. (2) attached, for the first, second, and third quarters of 2016. These data must reach us within a maximum period of two weeks from the date of this circular, with the continuation of providing them on a quarterly basis.
Please accept our highest respect,
The Governor Dr. Ziad Fries
Attachment
Form (1/1-17) P.O. Box 37 Amman 11118 Jordan • Phone: 4630301 Fax: 4638889 - 4638624 • Website: www.cbj.gov.jo • Email: info@cbj.gov.jo
Table No. (1)
Bank Name: ....................................
| Item | Required Data (at the level of the bank's branches in Jordan) | 2016/3 | 2016/6 | 2016/9 |
|---|---|---|---|---|
| 1 | Upper limit of the Loan to Value (LTV) ratio for residential loans to individuals.* | |||
| 2 | Upper limit of the Loan to Value (LTV) ratio for commercial real estate loans.* | |||
| 3 | Technical average of the Loan to Value (LTV) ratio for residential loans to individuals. | |||
| 4 | Technical average of the Loan to Value (LTV) ratio for commercial real estate loans. | |||
| 5 | Total residential loans to individuals. | |||
| 6 | Total commercial real estate loans. | |||
| 7 | Total balance of direct facilities granted for various purposes against real estate collateral. | |||
| 8 | Technical average of the Loan to Value (LTV) ratio for new commercial real estate loans (loans granted during the quarter for which the required data is being submitted). | |||
| 9 | Technical average of the Loan to Value (LTV) ratio for new residential loans to individuals (loans granted during the quarter for which the required data is being submitted). | |||
| 10 | Technical average of the Debt Burden Ratio for new individual loans of all types (loans granted during the quarter for which the required data is being submitted). |
- As approved in the bank's credit policy. Note: Please send the statement via email to the Financial Stability Department at the Central Bank of Jordan at fstab@cbj.gov.jo and a copy via the department's fax number 4628294, in addition to the original copy via regular mail. In case of inquiries, please contact Mr. Mohammad Al-Amayreh: 4630301/3320, Ms. Zaid Al-Hadidi: 4630301/2698
Table No. (2)
Bank Name: ....................................
| # | Item Name (Required Data at the level of the bank's branches in Jordan) | 2016/3 | 2016/6 | 2016/9 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Facility Value (in thousands of JD) | Type of Collateral ** | Ratio of Collateralized Facilities to Total Facilities Granted | Facility Value (in thousands of JD) | Type of Collateral ** | Ratio of Collateralized Facilities to Total Facilities Granted | Facility Value (in thousands of JD) | Type of Collateral ** | Ratio of Collateralized Facilities to Total Facilities Granted | ||
| 1 | Total Credit Facilities | |||||||||
| A | For residential purposes | |||||||||
| Purchase of ready houses | ||||||||||
| B | Construction of the house | |||||||||
| 2 | For commercial real estate purposes | |||||||||
| 3 | Retail and Consumer Loans* | |||||||||
| A | For car purchase purposes | |||||||||
| B | Personal loans | |||||||||
| C | For consumption purposes | |||||||||
| D | For services purposes: | |||||||||
| 1 | Educational services | |||||||||
| 2 | Medical services | |||||||||
| E | Credit cards | |||||||||
| F | Other | |||||||||
| 4 | Large Corporate Facilities | |||||||||
| 5 | Facilities granted for financing small enterprises | |||||||||
| 6 | Facilities granted for financing medium enterprises | |||||||||
| 7 | Facilities granted to the Government and Public Sector | |||||||||
| 8 | Other |
- Does not include residential loans to individuals ** Real estate, cars, salary transfer, cash insurance, shares, etc. Note: Please send the statement via email to the Financial Stability Department at the Central Bank of Jordan at fstab@cbj.gov.jo and a copy via the department's fax number 4628294, in addition to the original copy via regular mail. In case of inquiries, please contact Mr. Mohammad Al-Amayreh: 4630301/3320, Ms. Zaid Al-Hadidi: 4630301/2597