Regulatory Alerts2020-03-15
Added · Updated
Central Bank of Jordan Circular on Amendments to the Medium-Term Lending Program for Licensed Banks
The Central Bank of Jordan amends the Medium-Term Lending Program for Licensed Banks by reducing interest rates to 1.00% for projects in the Capital Governorate and 0.5% for other governorates, requiring banks to apply these reduced rates to existing loans effective immediately. The circular extends the loan tenor for all targeted sectors in the Capital to 10 years, including a two-year grace period, and raises the general loan ceiling to 3 million Dinars while maintaining 4 million Dinars for renewable energy and transport sectors. Additionally, the export sector is included in the program, and these changes are effective from the date of the circular, 15 March 2020.
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