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n line with CBJ measures to contain the repercussions of the corona epidemic and to ease hardships of different economic sectors, and in response to CBJ decisions to lower interest rates on monetary policy instruments that it issued last March and their prompt implementation mechanism, and in light of the consultations between banks and the […]
Amman, 8 Sep. (Petra)—The Association of Banks in Jordan (ABJ) said that what determines interest rates on loans and deposits is the inter-bank competition mechanisms. This would leave customers with the free choice of the bank that meets their needs, it added. In a statement published today, the ABJ said that raising, or lowering interest […]
Installments of more than 70 thousand borrowers in the holy month of Ramadan were postponed by banks working in Jordan, in an initiative targeting easing obligations of borrowers that usually increase in this month. ABJ Chairman Hani Al Qadhi said in a press statement that banks responded to requests of more than 70 thousand customers […]
Raising or lowering the interest rates on individuals’ loans is done through a specific mechanism in line with instructions on transparent and fair treatment of consumers issued by the Central Bank of Jordan, an ABJ statement said yesterday. All banks working in Jordan are committed to those instructions, which are clarified and explained to customers […]