Regulatory Alerts2022-05-23
Added · Updated
Guidelines for Bank Licensing issued by the Central Bank of Jordan
The Central Bank of Jordan establishes licensing standards for new banks, requiring applicants to demonstrate ownership solvency, operational plans, and management competency. The guidelines mandate a minimum five years of experience for board members and senior management, and require prior consent from the home country supervisor for foreign bank branches. Applicants must submit detailed financial projections for five years, including capital adequacy ratios, and provide comprehensive documentation on incorporators holding at least 1% of proposed capital.
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