Regulatory Alerts2024-08-06
Added · Updated
Circular Regarding Data Discrepancies in Facilities to Individuals and SMEs
The Central Bank of Jordan requires banks operating in the Kingdom to re-upload data regarding facilities granted to individuals and SMEs to the Office Supervision System. This re-upload must follow the methodology specified in Circular No. (3324/2/23), which replaces previous circulars from 2015 and 2016. Banks must apply this corrected data starting from the reporting date of December 31, 2022, and complete the re-upload within two weeks of the circular's issuance on February 6, 2024.
[Logo of the Central Bank of Jordan]
Number: 906 / 15 / 10 Date: 25 / 7 / 1445 AH Corresponding to: 6 / 2 / 2024 AD
Circular to Banks Operating in the Kingdom
Greetings,
In light of discrepancies in the data related to facilities granted to the individuals and small and medium-sized enterprises (SMEs) sectors, which are provided to the Central Bank in accordance with our Circular No. (3324/2/23) dated 2024/2/20, regarding the same data uploaded to the Office Supervision System, please ensure the adoption of the mechanism and methodology used in preparing the data provided to the Central Bank / Financial Stability Department pursuant to the aforementioned Circular, which replaced both Circular No. (15009/2/23) dated 2016/11/20 and Circular No. (14914/2/23) dated 2015/12/3.
Data previously uploaded to the Office Supervision System shall be re-uploaded according to the aforementioned mechanism and methodology, effective as of the data for 2022/12/31, within a maximum period of two weeks from the date of this circular.
Please accept our highest respect,
Governor Dr. Adel Al-Sharkas