Regulatory Alerts2019-11-01
Added · Updated
Circular on Amendments to Provisions Regarding Non-Compliant Properties and Extension of Credit Classification Instructions
The Central Bank of Jordan amends Circular No. 2510/1/10 to require licensed banks to set aside annual provisions equal to 5% of the total book value of non-compliant seized properties, reaching a cumulative 50% by the end of 2029. The Central Bank also extends the implementation of Circular No. 2009/47 on credit classification and impairment provisions, along with specific items from Circulars 2510/1/10, 11084/1/10, and 16722/1/10, until December 31, 2020. Additionally, the implementation of Circular No. 12001/3/10 remains suspended until December 31, 2020.
Topics
Share