Circular Regarding Support for Small and Medium-Sized Enterprises No. 7235/5/10 dated 2012/7/1

In the Name of Allah, the Most Gracious, the Most Merciful

Number: 7235/5/10
Date: 11/8/1433 AH
Corresponding: 11/6/2012 AD

Circular to Licensed Banks

Greetings,

Based on the provisions of Article 99(b) of Banking Law No. (28) of 2000 and its amendments, and following our Circular No. (3516/2/10) dated 2012/3/27, and in the context of the Central Bank of Jordan's keenness to support Small and Medium-Sized Enterprises (SMEs) and enable them to obtain the necessary financing to conduct their business, the Central Bank of Jordan has approved the adoption of the definition of Small and Medium-Sized Enterprises and the purposes of operations guaranteed by the Overseas Private Investment Corporation (OPIC) only, as those enterprises that meet two of the following conditions:

1. They employ (300) employees at the maximum.
2. Their total assets do not exceed the equivalent of (15) million US dollars.
3. Their total annual sales do not exceed the equivalent of (15) million US dollars.

We reaffirm the necessity of full compliance – for all other purposes – with the classification conditions contained in our Circular No. (436/5/10) dated 2011/1/11.

Please accept our highest respect,

The Governor
Dr. Ziad Fariz

Website: www.cbj.gov.jo • E-mail: info@cbj.gov.jo • Fax: 4639731, 4639730, 4638889 • Phone: 4630301 • P.O. Box: 27 Amman 11118 Jordan