Regulatory Alerts2019-03-17
Added · Updated
Circular on Raising Loan Ceiling for Transport Sector
The Central Bank of Jordan raises the loan ceiling for advances granted to the transport sector from 2 million to 4 million dinars. This decision, effective immediately, applies to licensed banks and does not alter the ceilings for other sectors included in the financing program.
Number: 6/3 2019/ع Date: 10 Rajab, 1440 AH Corresponding to: 17 March, 2019 AD
Circular to all Licensed Banks
Greetings,
Further to the measures taken by the Central Bank to stimulate economic growth and provide medium-term financing to licensed banks within the instructions of the Central Bank Program for Financing and Supporting Economic Sectors No. (2011/54) dated March 14, 2011, and subsequent circulars, I decide to raise the available ceiling for advances granted to the transport sector (transport companies) to (4) million dinars instead of (2) million dinars, while the available ceiling for advances granted to other sectors included in the program remains unchanged.
This decision is effective from its date.
Please accept our highest regards,
Governor Dr. Ziad Fariz
P.O. Box 37 Amman 11118 Jordan. Tel 9/4630301. Telegram Central Bank/Amman. Telex 21250,21476,21766. Fax 4638889,4639730, 4613308