Regulatory Alerts2020-02-06
Added · Updated
Circular on Reporting Requirements for Bank-Owned Real Estate under Instruction No. 2/2000
The Central Bank of Jordan amends the reporting obligations for licensed banks regarding real estate owned for business management or employee housing under Instruction No. 2/2000. Banks are required to submit data only upon the acquisition of such real estate and must cease monthly submissions unless there is a change in the reported data. This directive, issued by Governor Dr. Ziad Frieze, takes effect immediately for all licensed banks in Jordan.
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