Minimum Capital Requirements for Licensed Banks Instructions No. (52-2010) dated 16-12-2010

The Central Bank of Jordan raises the minimum capital requirement for Jordanian banks to 100 million Jordanian dinars and for branches of foreign banks to 50 million Jordanian dinars. Banks with capital below these thresholds must submit a proposed capital increase mechanism to the Central Bank by the end of the first quarter of 2011 and reach the required minimum capital before the end of 2011. These instructions take effect immediately upon their issuance date.

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In the Name of Allah, the Most Gracious, the Most Merciful

No.: 14574/2/10
Date: 1432/1/10 AH
Corresponding to: 2010/12/16 AD

Minimum Capital Requirements for Licensed Banks Instructions (No. 2010/52)

Based on the provisions of Articles (8) and (12) of Banking Law No. (28) of 2000 and its amendments, and in light of the Central Bank's commitment to enhancing the financial solvency of banks and their ability to face the risks of banking operations, I hereby decide the following:

First: The minimum capital requirement for banks is raised to (100) million Jordanian dinars for Jordanian banks and (50) million Jordanian dinars for branches of foreign banks.

Second: Banks whose capital is less than the minimum referred to in the (First) item above must work to reach it before the end of 2011, and provide the Central Bank with the proposed mechanism for increasing capital no later than the end of the first quarter of 2011.

Third: These instructions shall be effective as of their date.

Governor
Fares Abdul Hamid Sharaf

Website: www.cbj.gov.jo • E-mail: info@cbj.gov.jo • Fax: 4638889, 4639730, 4639721 • Phone: 463-201 • P.O. Box: 27 Amman 11118 Jordan (113/2/01/11) Jamou

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Lineage: In force

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Source: Central Bank of Jordan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works