Central Bank of Jordan Circular on Extension of Credit Classification and Provision Instructions

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

Central Bank of Jordan

Ref: 10/1/16617
Date: 2/7/1439 AH
Corresponding to: 18/4/2017 AD

Circular to Licensed Banks

Continuing the measures taken by the Central Bank of Jordan to confront the repercussions of the global financial crisis and considering the circumstances currently experienced by the region in particular and the world in general, I have decided to extend the implementation of our Circular No. (10/1/15814) dated 6/12/2016 and to extend the implementation of the amendments decided upon the instructions for classifying credit facilities and calculating impairment provisions and general banking risk reserves No. (47/2009) dated 10/12/2009 pursuant to Item (First) of our Circular No. (10/1/2510) dated 14/2/2017, until 31/12/2018.

In this context, we point out that the Central Bank will continue its approach of following up on the review of its issued instructions and making any amendments required by the circumstances in service of the national economy, and in accordance with international standards and sound banking practices.

Please accept our highest regards,...

Governor
Dr. Ziad Fariz

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P.O. Box 527 Amman 11118 Jordan • Phone 4630301 Fax 4638889 • Website: www.cbj.gov.jo • Email: info@cbj.gov.jo

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