Central Bank

Central Bank of Jordan

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Number: 436/5/10
Date: 6/8/1432 AH
Corresponding to: 11/1/2011 AD

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Circular to Licensed Banks

Based on the provisions of Articles (60/2) and (99/b) of Banking Law No. (28) of 2000 and its amendments, and given the importance of having a unified definition for small and medium-sized enterprises among all banks operating in the Kingdom, the following is approved:

First: The conditions that must be met in a company to be considered a small-sized enterprise:

1. It must not be a public joint-stock company, an insurance company, or a financial brokerage company.
2. Its total assets must be less than one million Dinars, and its total annual sales must be less than one million Dinars.
3. The number of employees in the company must range between (5 - 20) employees.

Second: The conditions that must be met in a company to be considered a medium-sized enterprise:

1. Its total assets must range between (1-3) million Dinars, and its total annual sales must range between (1-3) million Dinars.
2. The number of employees in the company must range between (21 - 100) employees.

Third: The conditions stated in the above items are used for classification purposes in the financial statements provided to the Central Bank of Jordan, and they apply only to clients of bank branches operating within the Kingdom.

Fourth: The above shall apply effective for the banks' financial statements as of the end of June 2011.

Please accept our highest regards...

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Governor
Fares Abdul Hamid Sharaf

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Website: www.cbj.gov.jo • E-mail: info@cbj.gov.jo • Fax: 433889, 433973, 433976 • Phone: 01-3-463 • P.O. Box: 27 Amman 11118 Jordan (11/10/01/02) Jamou