Regulatory Alerts2023-08-19
Added · Updated
Circular Including the Information Technology Sector in Medium-Term Lending Instructions for Licensed Banks
The Central Bank of Jordan has amended its medium-term lending instructions for licensed banks to include the Information Technology sector. This change, effective October 25, 2015, expands the scope of eligible sectors under Circular No. (2011/54) to cover activities such as software development, mobile applications, and digital data processing. Licensed banks are now authorized to grant medium-term loans to entities within this sector.
Topics
Share