Circular No. 10/1/16722 on Amendment to Instructions for Dealing with Customers

In the name of Allah, the Most Gracious, the Most Merciful

Reference No.: 10/1/16722
Date: 8/2/1440 AH
Corresponding to: 16/10/2018 AD

Circular to all Licensed Banks

Subsequent to our Circular No. (10/1/11084) dated 27/8/2018 and in light of the inquiries received regarding the content of this Circular, it has been decided to amend Item (First/A) of the aforementioned Circular to read as follows:

"A bank may exceed the period specified in Item (9/B) of the Instructions for Dealing with Customers issued under Circular No. (56/2012) dated 31/10/2012, as amended by Instructions No. (57) for the year 2013 dated 20/5/2013, such that it does not exceed ten years (instead of eight years) from the date of granting, scheduling, or restructuring, if such facilitation assists customers in meeting the financial burdens incumbent upon them, provided that this does not result in exceeding the debt burden ratios specified in the bank's approved credit policy."

Please accept our highest respect,

Governor
Dr. Ziad Fariz

Form (10/1/18)
P.O. Box 37 • Amman 11118 Jordan • Phone 4630301 • Fax 4638889 • Website: www.cbj.gov.jo • Email: info@cbj.gov.jo