RegAlertRule · CBJ · 15 Apr 2017
Circular Regarding the Announcement of Banks' Operational Results in Daily Newspapers No. (10/1/1343) dated 5/2/2008
The Central Bank of Jordan mandates that all banks must obtain prior written approval from the Central Bank before announcing or publishing their final accounts through any means, including daily newspapers. This requirement enforces compliance with Article 63 of Banking Law No. (28) of 2000, holding bank boards of directors legally responsible for any violations.
In the name of Allah, the Most Gracious, the Most Merciful
Central Bank of Jordan
King Abdullah II University
Directorate of Government Performance and Transparency (10-7-2006) Decision 555
Subject: 1343 / 1/10
Date: 12/11/1429 AH
Corresponding Date: 2008/2/10 AD
Greetings,
It has been observed recently that some banks are announcing their operational results in daily newspapers without obtaining prior written approval from the Central Bank, which constitutes a violation of the provisions of Article (63) of Banking Law No. (28) of 2000. Therefore, I emphasize the necessity for full compliance by the bank's board of directors, under the threat of legal responsibility, to obtain prior written approval from the Central Bank for the announcement and publication of the bank's final accounts by any means whatsoever.
Please accept our highest regards,
The Governor
Dr. Amieh Touqan
27 • Amman 11118 Jordan • Phone 4630201 • Fax 4638889, 4638624 • Website: www.cbj.gov.jo • Email: info@cbj.gov.jo
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