Regulatory Alerts2021-03-15
Added · Updated
Central Bank of Jordan Circular on Increasing Tourism Sector Loan Ceiling
The Central Bank of Jordan raises the loan ceiling for the tourism sector from 3 million to 4 million Dinars under program No. (2011/54). This decision applies to all licensed banks and is effective immediately from the date of the circular, March 11, 2021. The loan ceilings for other sectors covered by the program remain unchanged.
[Logo of the Central Bank of Jordan]
Number: 6/3 / 4438 Date: 27 Rajab, 1442 AH Corresponding to: March 11, 2021 AD
Circular to All Licensed Banks
Greetings,
Subsequent to the instructions of the Central Bank of Jordan's program for financing and supporting economic sectors No. (2011/54) dated March 14, 2011, and its subsequent circulars, I have decided to raise the available ceiling for loans granted to the tourism sector to become (4) million Dinars instead of (3) million Dinars, while keeping the available ceiling for loans granted to the remaining sectors covered under the program as is, without modification.
This decision is effective from its date.
Please accept the highest regards,
Governor Dr. Ziad Frieze