Regulatory Alerts2024-02-21
Added · Updated
Central Bank of Jordan Circular on Individual Debt and Facility Data Reporting
The Central Bank of Jordan requires licensed banks to submit quarterly data on individual indebtedness and facilities starting with Q1/2024. Banks must report branch-level details for housing, personal, car, consumer, service, and other loans, as well as credit cards, including metrics on non-performing debts, interest rates, and collateral. Submissions are due within two weeks of the data date via email to the Financial Stability Department and regular mail. This circular replaces Circular No. (15009/2/23) dated 20/11/2016 and Circular No. (14914/2/23) dated 03/12/2015.
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Reference No.: 23/ 3224 Date: 8 / 1 / 2024 AD Corresponding to: 1445 / / AH
Circular to Licensed Banks
Greetings,
Based on the provisions of Article (45/A) of the Central Bank of Jordan Law No. (23) of 1971 and its amendments, you are requested to provide us with detailed data regarding individual indebtedness and facilities granted by banks in general, as shown in the attached statements, on a quarterly basis starting from the Q1/2024 data. These data must be sent to us via the email address of the Financial Stability Department at the Central Bank of Jordan (Fstab@cbj.gov.jo) as well as by regular mail within a maximum period of two weeks from the data date.
This circular replaces Circular No. (15009/2/23) dated 20/11/2016 and Circular No. (14914/2/23) dated 03/12/2015, both concerning individual debt data.
Please accept our highest regards,
The Governor Dr. Adel Al-Sharkas
- Enclosed
New Circular on Individual Sector Debt and Facilities in General at Banks Operating in Jordan
- Data should be at the level of bank branches in Jordan and filled in thousands of Dinars.
- This statement is sent via the email address of the Financial Stability Department at the Central Bank of Jordan: Fstab@cbj.gov.jo and a copy to the following emails: Hatem.alkurdi@cbj.gov.jo & Dua.alshuwater@cbj.gov.jo, in addition to regular mail.
- For any inquiries, please contact the Financial Stability Department at phone number 4630301 ext. (2909).
- Commit to filling in all required numbers and percentages without leaving any fields blank and submit it on a quarterly basis.
- "Other Individual Loans" must include all individual loans not classified under a specific item, including loans granted to employees.
- Totals in all tables of the circular for the same item must match.
Table (1): Details of Total Individual Facilities (all types)* (Date: )
| Item | Value |
|---|---|
| Total value of individual facilities | |
| Number of individual facilities | |
| Average interest rate (annual) on individual facilities | |
| Total value of individual facilities with variable interest rate | |
| Total value of individual facilities with fixed interest rate | |
| Number of individual facilities with variable interest rate | |
| Number of individual facilities with fixed interest rate | |
| Average number of borrower's family members (in Jordanian Dinar) | |
| Average borrower income | |
| Volume of non-performing debts (without suspended interest) in individual facilities | |
| Percentage of non-performing debts (without suspended interest) in individual facilities | |
| Volume of impairment provisions against non-performing individual facilities | |
| Distribution of facilities granted to individuals according to collateral type: | |
| Facilities against salary transfer | |
| Facilities against real estate collateral | |
| Facilities against other collateral |
*Individual facilities refer to facilities granted to individuals for consumption purposes such as housing loans, personal loans, car loans, or educational loans, etc. Facilities granted to individuals for commercial or production purposes must be classified under micro, small, or medium enterprise facilities.
Table (1/1): Total Housing Loans Granted to Individuals (Date: )
| Item | Value |
|---|---|
| Total value of housing loans granted to individuals (for residential purposes) | |
| Of which housing loans for purchasing ready houses | |
| Total value of housing loans with variable interest rate | |
| Total value of housing loans with fixed interest rate | |
| Number of housing loans with variable interest rate | |
| Number of housing loans with fixed interest rate | |
| Average interest rate on housing loans (annual) | |
| Volume of non-performing debts (without suspended interest) for housing loans | |
| Percentage of non-performing debts (without suspended interest) for housing loans | |
| Volume of monitored debts in housing loans | |
| Average original maturity period of housing loans (in years) |
Table (2/1): Total Personal Loans Granted to Individuals (Date: )
| Item | Value |
|---|---|
| Total value of personal loans granted to individuals | |
| Total value of personal loans with variable interest rate | |
| Total value of personal loans with fixed interest rate | |
| Number of personal loans with variable interest rate | |
| Number of personal loans with fixed interest rate | |
| Average interest rate on personal loans (annual) | |
| Volume of non-performing debts (without suspended interest) in personal loans | |
| Percentage of non-performing debts (without suspended interest) in personal loans | |
| Volume of monitored debts in personal loans | |
| Average original maturity period of personal loans (in years) |
Table (3/1): Total Car Loans Granted to Individuals (Date: )
| Item | Value |
|---|---|
| Total value of car loans granted to individuals | |
| Total value of car loans with variable interest rate | |
| Total value of car loans with fixed interest rate | |
| Number of car loans with variable interest rate | |
| Number of car loans with fixed interest rate | |
| Average interest rate on car loans (annual) | |
| Volume of non-performing debts (without suspended interest) for car loans | |
| Percentage of non-performing debts (without suspended interest) for car loans | |
| Volume of monitored debts in car loans | |
| Average original maturity period of car loans (in years) |
Table (4/1): Total Consumer Loans Granted to Individuals (Date: )
| Item | Value |
|---|---|
| Total value of consumer loans granted to individuals | |
| Total value of consumer loans with variable interest rate | |
| Total value of consumer loans with fixed interest rate | |
| Number of consumer loans with variable interest rate | |
| Number of consumer loans with fixed interest rate | |
| Average interest rate on consumer loans (annual) | |
| Volume of non-performing debts (without suspended interest) for consumer loans | |
| Percentage of non-performing debts (without suspended interest) for consumer loans | |
| Volume of monitored debts in consumer loans | |
| Average original maturity period of consumer loans (in years) |
Table (5/1): Credit Cards Granted to Individuals (Date: )
| Item | Value |
|---|---|
| Total value of credit cards granted to individuals | |
| Number of credit cards | |
| Average interest rate on credit cards (annual) | |
| Percentage of non-performing debts for credit cards |
Table (6/1): Total Loans for Services Granted to Individuals* (Date: )
| Item | Value |
|---|---|
| Total value of loans for services granted to individuals | |
| Total value of loans for services with variable interest rate | |
| Total value of loans for services with fixed interest rate | |
| Number of loans for services with variable interest rate | |
| Number of loans for services with fixed interest rate | |
| Average interest rate on loans for services (annual) | |
| Volume of non-performing debts (without suspended interest) for loans for services | |
| Percentage of non-performing debts (without suspended interest) for loans for services | |
| Volume of monitored debts in loans for services | |
| Average original maturity period of loans for services (in years) |
*Loans for individuals granted for services refer to loans granted to individuals for medical, educational, tourism, travel, or any other service purposes.
Table (7/1): Total Other Loans Granted to Individuals* (Date: )
| Item | Value |
|---|---|
| Total value of other loans granted to individuals | |
| Total value of other loans with variable interest rate | |
| Total value of other loans with fixed interest rate | |
| Number of other loans with variable interest rate | |
| Number of other loans with fixed interest rate | |
| Average interest rate on other loans (annual) | |
| Volume of non-performing debts (without suspended interest) for other loans | |
| Percentage of non-performing debts (without suspended interest) for other loans | |
| Volume of monitored debts in other loans | |
| Average original maturity period of other loans (in years) |
*Other loans: These are individual loans that do not fall under the main types of individual facilities listed in this circular's statements. Other loans should be very limited, as high values indicate the bank's weakness in identifying the type and purpose of the facilities.
Table (2): Distribution of Individual Facilities by Gender (Date: )
| Item | Value |
|---|---|
| Total value of individual facilities granted to males | |
| Total value of individual facilities granted to females | |
| Number of individual facilities granted to males | |
| Number of individual facilities granted to females | |
| Percentage of non-performing debts in male individual facilities | |
| Percentage of non-performing debts in female individual facilities |
Table (3): Distribution of Facilities Granted by the Bank According to the Borrowing Entity (Date: )
| Item | Value |
|---|---|
| Total facilities granted to large companies | |
| Number of facilities granted to large companies | |
| Average interest rate on facilities for large companies | |
| Volume of non-performing debts (without suspended interest) on large company facilities | |
| Percentage of non-performing debts (without suspended interest) on large company facilities | |
| Volume of monitored debts in large company facilities | |
| Average original maturity period of facilities for large companies (in years) | |
| Total facilities granted to medium companies | |
| Number of facilities granted to medium companies | |
| Average interest rate on facilities for medium companies | |
| Volume of non-performing debts (without suspended interest) on medium company facilities | |
| Percentage of non-performing debts (without suspended interest) on medium company facilities | |
| Volume of monitored debts in medium company facilities | |
| Average original maturity period of facilities for medium companies (in years) | |
| Total facilities granted to small companies | |
| Number of facilities granted to small companies | |
| Average interest rate on facilities for small companies | |
| Volume of non-performing debts (without suspended interest) on small company facilities | |
| Percentage of non-performing debts (without suspended interest) on small company facilities | |
| Volume of monitored debts in small company facilities | |
| Average original maturity period of facilities for small companies (in years) | |
| Total facilities granted to micro companies* | |
| Number of facilities granted to micro companies | |
| Average interest rate on facilities for micro companies | |
| Volume of non-performing debts (without suspended interest) on micro company facilities | |
| Percentage of non-performing debts (without suspended interest) on micro company facilities | |
| Volume of monitored debts in micro company facilities | |
| Average original maturity period of facilities for micro companies (in years) |
*Micro companies: Companies whose assets or sales are less than (100,000) Dinars and have fewer than 5 employees.
Table (4): Details of Facilities and Corresponding Collateral (Date: )
| Item | Value of Facilities | Value of Collateral |
|---|---|---|
| Total value of facilities | ||
| Housing loans for purchasing ready houses | ||
| Housing loans for building houses | ||
| Loans for commercial real estate purposes | ||
| Retail loans | ||
| Car loans | ||
| Personal loans | ||
| Consumer loans | ||
| Loans for services | ||
| Credit cards | ||
| Other loans | ||
| Value of facilities granted to large companies | ||
| Value of facilities granted to medium-sized companies | ||
| Value of facilities granted to small-sized companies | ||
| Value of facilities granted to micro companies | ||
| Value of facilities granted to the government and public sector | ||
| Other |
Table (5): Details of Debt Burden Ratio (DBR) Data (Date: )
| Item | Value |
|---|---|
| Upper limit of Debt Burden Ratio (DBR) if the client is a borrower only according to the bank's approved credit policy | |
| Upper limit of Debt Burden Ratio (DBR) if the client is a borrower and guarantor | |
| Actual average Debt Burden Ratio (DBR) if the client is a borrower and guarantor | |
| Upper limit of Debt Burden Ratio (DBR) for new borrowers (individuals who borrowed from the bank during the quarter to which the data refers) | |
| Actual average Debt Burden Ratio (DBR) according to borrower income: | |
| Borrower income up to 500 Dinars | |
| Borrower income more than 500 to 1000 Dinars | |
| Borrower income more than 1000 to 1500 Dinars | |
| Borrower income more than 1500 to 2000 Dinars | |
| Borrower income more than 2000 Dinars | |
| Actual average Debt Burden Ratio (DBR) according to borrower income: | |
| Borrower income up to 500 Dinars | |
| Borrower income more than 500 to 1000 Dinars | |
| Borrower income more than 1000 to 1500 Dinars | |
| Borrower income more than 1500 to 2000 Dinars | |
| Borrower income more than 2000 Dinars | |
| Volume of facilities granted to individuals where the Debt Burden Ratio (DBR) exceeds (50%) |
Table (6): Details of Loan-to-Value Ratio (LTV) (Date: )
| Item | Value |
|---|---|
| Upper limit of Loan-to-Value Ratio (LTV) for mortgaged real estate for individual housing loans | |
| Upper limit of Loan-to-Value Ratio (LTV) for mortgaged real estate for commercial real estate loans | |
| Actual average Loan-to-Value Ratio (LTV) for mortgaged real estate for individual housing loans | |
| Actual average Loan-to-Value Ratio (LTV) for mortgaged real estate for new commercial real estate loans | |
| Actual average Loan-to-Value Ratio (LTV) for mortgaged real estate for new individual housing loans granted during the quarter to which the data refers |