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.
In the Name of Allah, the Most Gracious, the Most Merciful
[Logo of the Central Bank of Jordan]
Number: 13163 / 96/1/3 Date: 12 Muharram, 1437 AH Corresponding to: October 25, 2015 AD
Circular to All Licensed Banks
Greetings,
Continuing the measures taken by the Central Bank to provide medium-term financing to licensed banks with the aim of relending to economic sectors, it has been decided to include the Information Technology sector (software development and licensing, mobile applications, internet portals and content, outsourcing services, call center services, digital content, electronic game programming, and digital data processing) within the scope of the instructions for granting medium-term loans to licensed banks No. (2011/54) dated March 14, 2011, and its subsequent circulars, effective from this date.
Please accept our highest regards,
The Governor Dr. Ziad Frieze
P.O. Box 37, Amman 11118, Jordan. Tel: 9630301/463 Fax: 4638889, 4639730, 4613308 Telegrams: Central Bank / Amman Telex: 21250, 21476, 21766