Regulatory Alerts2017-06-09
Added · Updated
Central Bank of Jordan Circular on Preferential Interest Rates for Projects Outside Amman
The Central Bank of Jordan mandates a preferential interest rate of 1.0% and extends the term of medium-term advances to ten years for qualified projects in the Industry, Tourism, Agriculture, and IT sectors located outside Amman. Licensed banks are required to submit verification documents, such as profession licenses and land registration records, to confirm the project's location. These instructions became effective immediately upon issuance on September 7, 2016.
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