Regulatory Alerts2020-07-29
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Total Values of Equivalence Scale Indicators Used to Determine Systemically Important Banks at the Local Level for 2019
The Central Bank of Jordan publishes specific aggregate financial thresholds for 2019 to enable licensed banks to calculate their systemic importance at the local level. The document defines total values for indicators across size, interconnectedness, substitutability, and complexity, such as total assets of 52,316,999 thousand Dinars and total facilities granted to companies of 24,998,834 thousand Dinars. These figures are based on consolidated financial data and bank data from 2019.
1 Total Values of Equivalence Scale Indicators Used to Determine Systemically Important Banks at the Local Level For the purpose of enabling banks to calculate their systemic importance for 2019
| Indicator | Measurement Tool (Sub-indicator) | Sub-indicator Value for all Licensed Banks Based on 2019 Bank Data (Thousands of Dinars*) |
|---|---|---|
| Size | Total assets of bank branches within Jordan | 52,316,999 |
| Total off-balance sheet liabilities of Jordan branches | 9,499,996 | |
| Interconnectedness | Total balances and deposits with banks and banking institutions (Asset side**) | 6,182,365 |
| Total deposits of banks and banking institutions (Liability side**) | 5,747,284 | |
| Substitutability | Total facilities granted to individuals in addition to real estate facilities** | 16,189,622 |
| Total facilities granted to companies** | 24,998,834 | |
| Total facilities granted to the government and public sector** | 3,347,607 | |
| Volume of transactions in the Jordan National Payment System RTGS *** | 109,851,589 | |
| Complexity | Total bank assets outside Jordan (assets of bank branches and its subsidiaries outside Jordan) | 30,661,282 |
| Off-balance sheet liabilities outside Jordan (issued and confirmed letters of credit, guarantees, acceptances, unused limits, etc.) | 10,980,216 | |
| Financial assets at fair value through profit or loss + Financial assets at fair value through other comprehensive income** | 2,224,842 |
- Values are in total, i.e., before deducting provisions, accrued interest, and any other deductions. ** At the level of consolidated financial data (Jordan branches and abroad, and subsidiaries inside and outside Jordan). *** The value of SWIFT messages issued by each bank of all types (102, MT103, MT202, MT) which were settled on their central accounts defined in the National Payment System during the year 2019 was adopted, according to Central Bank data.
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