Central Bank of Jordan Circular on Extending Installment Deferral for Banks

In the name of Allah, the Most Gracious, the Most Merciful

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Reference No.: 3/10/4505
Date: 1/8/1442 AH
Corresponding to: 15/3/2021 AD

Circular to Banks Operating in the Kingdom

Greetings,

In light of the continued impact on several economic sectors in the Kingdom due to the spread of the coronavirus, I have decided to extend the implementation of Central Bank Circular No. (3/10/14960) dated 22/11/2020 regarding the deferral of installments for bank customers until December 31, 2021.

Furthermore, for the purpose of facilitating relief for customers, banks are also permitted, as an exception, to exclude the periods related to installments deferred under this circular from the maximum credit duration granted within the retail portfolio, which is ten years.

Please accept the highest assurances of respect,

The Governor
Dr. Ziad Fariz

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Form 10/1/37
P.O. Box 37 • Amman 11118 Jordan • Phone: 4630301 Fax: 4628889 • Website: www.cbj.gov.jo • Email: info@cbj.gov.jo

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