Regulatory Alerts2008-06-08
Added · Updated
Instructions on the Ratio of Investments in Jordanian Dinar to the Sources of Fund in Jordanian Dinar No. 38/2008
The Central Bank of Jordan mandates that all licensed operating banks calculate the ratio of their Jordanian Dinar investments to their Jordanian Dinar funding sources, setting a maximum limit of 100.0 percent. The regulation defines specific components for the numerator and denominator, including net credit facilities, financial assets, customer deposits, and shareholders' equity, while excluding foreign branches. Banks must submit monthly reports by the fifteenth day of the following month and have until the end of 2008 to correct any excesses, facing penalties under Article 88/b of the Banking Law for non-compliance.
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