Regulatory Alerts2011-03-14
Added · Updated
Instructions for Granting Medium-Term Loans to Licensed Banks No. 54/2011
The Central Bank of Jordan issues Instructions No. 54/2011, effective until March 2012, permitting licensed banks to obtain medium-term loans up to five million dinars at the prevailing rediscount rate. Loan limits are capped at 5% of a bank's total direct facilities in Jordanian Dinars, with a maximum renewal period of five years, subject to Central Bank approval for excess amounts. Licensed banks must re-lend these funds exclusively to industrial entities and are prohibited from using them to settle existing facilities or raising agreed interest rates with customers.
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