Regulatory Alerts2020-03-16
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 by reducing interest rates to 1.00% for projects in the Capital Governorate and 0.5% for other governorates, requiring banks to apply these reductions to existing loans. The circular extends the loan tenor to 10 years with a two-year grace period and raises the general loan ceiling to 3 million Jordanian Dinars, while maintaining a 4 million Dinars limit for renewable energy and transport sectors. Additionally, the export sector is included in the program, and these changes are effective as of March 15, 2020.
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