Laws and Regulations
The Central Bank issued regulations related to group credits. These guidelines aimed at giving more flexibility to the banks in taking credit and investment decisions.
Under Article 3 of these regulations, banks were to stop applying for Central Bank approval when extending or renewing credits to their clients. The regulations sated that the maximum credit to be extended to any person and/or associated party should not exceed 25% of a bank's capital.
For further information, please contact the Central Back of Jordan at the following