Regulatory Alerts2021-01-07
Added · Updated
Circular on Automation of Financial Soundness Indicators and Non-Performing Loans via CBJOSS
The Central Bank of Jordan mandates licensed banks to automate the submission of Financial Soundness Indicators and Non-Performing Loan disclosures through the Office Supervision System (CBJOSS). Banks must report quarterly data for Jordan branches and consolidated statements, effective retroactively from March 2020, with specific instructions on data classification and provision calculations. The Central Bank has granted user access rights for data entry and requires full compliance with upload deadlines, warning of penalties under Banking Law No. 28 of 2000 for inaccuracies. Banks are also required to upload historical quarterly data for the periods ending March, June, and September 2020 within two weeks of the circular's date.