Regulatory Alerts2023-03-22
Added · Updated
Central Bank of Jordan Circular No. 5780/1/27 on Retail Credit Maturity Limits
The Central Bank of Jordan reinstates an eight-year maximum original maturity limit for retail credit portfolios, excluding secured residential mortgages and lease-to-own contracts. Banks are permitted to maintain existing retail loans with maturities exceeding eight years under previously signed contracts but must ensure that any newly structured or rescheduled retail loans do not exceed an eight-year repayment period. Additionally, banks are required to strictly adhere to the debt burden ratios specified in their approved credit policies.
Topics
Share