Regulatory Alerts2019-05-04
Added · Updated
Circular to Licensed Banks Regarding Medium-Term Lending for Tourism and Renewable Energy Sectors
The Central Bank of Jordan amended Circular No. (2011/54) dated March 14, 2011, to include the tourism and renewable energy sectors within the instructions for granting medium-term advances to licensed banks. This directive, effective June 12, 2013, authorizes banks to provide medium-term financing for the construction of hotels, resorts, tourist facilities, and renewable energy projects such as solar and wind energy. Licensed banks are required to apply these updated lending instructions immediately upon the circular's issuance.
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