Regulatory Alerts2022-05-16
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Summary of Equivalence Scale Values Used to Determine Systemically Important Banks at the Local Level for 2021
The Central Bank of Jordan publishes aggregate equivalence scale values for 2021 to enable licensed banks to calculate their systemic importance. The document provides specific measurement thresholds in thousands of Dinars for indicators including total assets, off-balance sheet liabilities, interconnectedness, substitutability, and complexity. These values are derived from consolidated financial statements and National Payments System data for all licensed banks operating in Jordan.
Summary of Equivalence Scale Values Used to Determine Systemically Important Banks at the Local Level for the Purpose of Enabling Banks to Calculate Their Systemic Importance for 2021
- Values are in aggregate, i.e., before deducting provisions, accrued interest, and any other exclusions. ** At the level of consolidated financial statements (branches in Jordan and abroad, and subsidiaries inside and outside Jordan). *** The value of SWIFT messages issued by each bank of all types (MT 102, MT 103, MT 202) which were settled on their central accounts defined in the National Payments System during the year 2021, according to Central Bank data.
| Indicator (Sub-Indicator) | Measurement Tool | Value for All Licensed Banks Based on Bank Data for 2021 (Thousands of Dinars) (*) |
|---|---|---|
| Total assets of bank branches within Jordan | Size | 59,750,095 |
| Total off-balance sheet liabilities of Jordan branches | Size | 10,161,965 |
| Total balances and deposits with banks and banking institutions | Interconnectedness (Asset Side) ** | 5,846,975 |
| Total deposits of banks and banking institutions (Liability Side) ** | Interconnectedness (Liability Side) ** | 6,264,374 |
| Total facilities granted to individuals plus real estate facilities ** | Substitutability | 21,580,260 |
| Total facilities granted to companies ** | Substitutability | 27,772,452 |
| Total facilities granted to the government and public sector ** | Substitutability | 5,200,959 |
| Volume of transactions in the Jordan National Payments System RTGS *** | Substitutability | 96,595,009 |
| Total bank assets outside Jordan (assets of bank branches and their subsidiaries outside Jordan) | Complexity | 39,966,570 |
| Off-balance sheet liabilities outside Jordan (issued and enhanced letters of credit, guarantees, acceptances, unused limits, etc.) | Complexity | 11,670,931 |
| Financial assets at fair value through profit or loss + Financial assets at fair value through other comprehensive income ** | Complexity | 2,759,534 |
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