Regulatory Alerts2022-02-22
Added · Updated
Circular on Transfer of Microfinance Company Branches
The Governor of the Central Bank of Jordan issued this circular to clarify procedures for microfinance companies transferring local existence forms. Transfers within the same area are governed by permanent transfer provisions, while transfers to a different area require submitting official requests to close the existing branch and open a new one. This directive applies to microfinance companies operating in the Kingdom under Bylaw No. (5) of 2015 and Instructions No. (62/2016).
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