Arab Bank Group reports net profits for 2020; 12% cash dividends
The Board of Directors has recommended to the shareholders the distribution of 12% cash dividends for the financial year 2020
Press Release - 26-Jan-2021
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Arab Bank Group reports net profits of $195.3 million for 2020 12% cash dividends
The Board of Directors has recommended to the shareholders the distribution of 12% cash dividends for the financial year 2020
Press Release - 25-Jan-2021 -
Central Bank of Jordan allows banks to distribute dividends on shareholders
CBJ issued circular to banks last year not to distribute dividends to enhance their solvency
The Jordan Times - 21-Jan-2021 -
Jordan’s banking sector assets reach $79.5bln in Q3 2020
Loans granted to private sector constituted some 46%
The Jordan Times - 04-Jan-2021 -
Capital Bank and Bank Audi sign definitive agreements for the sale of the assets and liabilities of Bank Audi branches in Jordan and Iraq
The completion of these transactions remains subject to the receipt of the final approval of the related supervisory and regulatory authorities.
Press Release - 29-Dec-2020 -
Central Bank of Jordan decision to extend loan moratorium period draws praise
CBJ postponed repayment of dues and installments of impacted individuals and companies
The Jordan Times - 24-Nov-2020 -
Central Bank of Jordan extends loan moratorium period for COVID-affected sectors
Decision also stipulated that banks are not allowed to charge commission or impose a late payment interest on these companies
The Jordan Times - 22-Nov-2020 -
Central Bank of Jordan extends SMEs’ moratorium until end of 2021
The CBJ said that the regulations of the programme at the Jordan Loan Guarantee Corporation had been amended in light of the negative impacts of the pandemic on various economic sectors
The Jordan Times - 05-Nov-2020 -
Mastercard and UWallet announce strategic partnership to drive payment innovations and financial inclusion in Jordan
As part of this landmark deal, UWallet, Umniah's payment service provider, will offer customers innovative digital payment solutions including virtual and contactless cards, payments through mobile phones and other wearable devices, as well as loyalty programs that will bring additional value-driven offerings to consumers
Press Release - 11-Oct-2020 -
As Jordan tourism revenue plunges, stakeholders lament ‘lack of vision’ to revive sector
Out of 1,200 guides, barely 200 were able to benefit from the loans that were provided to the most hard-hit sectors
The Jordan Times - 24-Sep-2020 -
Careem GM of Levant leaves Ridesharing for EdTech
Sabri Hakim joins rising startup Abwaab
Press Release - 10-Aug-2020 -
Loans worth $537mln approved for SMEs - Central Bank of Jordan
Central Bank approves 3,942 loan requests from enterprises hit by pandemic
The Jordan Times - 21-Jul-2020 -
E-wallet use surpasses 1mln in Jordan
About 600,000 e-wallets have been registered early this year
The Jordan Times - 16-Jul-2020 -
Response to economic fallout from COVID-19 begins to yield results - CBJ
CBJ used "effective policy tools" to contain the repercussions of the pandemic in cooperation with the “entire banking sector"
The Jordan Times - 11-Jul-2020 -
CBJ programmes, financial inclusion initiatives respond to economic challenges of COVID-19
During the COVID-19 crisis, the Central Bank of Jordan’s soft financing programme has supported 134 businesses
The Jordan Times - 06-Jul-2020 -
US experts commend Jordan for ‘turning crisis into golden opportunity’
Three experts wrote an article published by Project Syndicate online about the government and the CBJ’s measures
The Jordan Times - 06-Jul-2020 -
Tourism revenues declined by 36% in first-third of 2020 - Central Bank of Jordan
Jordanians’ expenditures on travel went down by 39.3%
The Jordan Times - 22-Jun-2020 -
Jordan's tourism revenues drop by 10.7% in Q1 2020 — CBJ
In March alone, revenues dropped by 56.5%, central bank says
The Jordan Times - 01-Jun-2020 -
Central Bank of Jordan’s upcoming projects to focus on available resources, export opportunities
Bank’s governor meets with industry representatives to discuss recent sector challenges
The Jordan Times - 18-May-2020 -
Mastercard study shows consumers in Middle East & africa move to contactless payments for everyday purchases, seeking touch-free payment experiences
In a Mastercard global consumer study, seven in 10 in the Middle East & Africa say they use contactless payments
Press Release - 03-May-2020 -
Gov’t extends work suspension until end of Ramadan
Transport sector to resume at 50% capacity on Wednesday
The Jordan Times - 26-Apr-2020 -
Jordan banking system capable of withstanding coronavirus crisis — CBJ governor
The Central Bank of Jordan has a wide set of tools at its disposal to tackle emergency situations
The Jordan Times - 19-Apr-2020 -
Central Bank of Jordan expands beneficiary companies in $705.2mln support programme for SMEs
The decision is expected to provide sufficient funds for more companies
The Jordan Times - 14-Apr-2020 -
Money exchanges permitted to begin commercial transfers - Central Bank of Jordan
CBJ stressed that it will closely monitor the proper application of procedures and measures to provide the service
The Jordan Times - 11-Apr-2020 -
Jordan government mulling measures to mitigate impact of coronavirus crisis on tourism sector
The ministry has taken all stakeholders in consideration, including self-employed individuals, such as tour guides
The Jordan Times - 06-Apr-2020 -
Central Bank of Jordan to begin receiving requests for SME financing programme next week
CBJ noted that these loans will be 85 per cent guaranteed by the Jordan Loan Guarantee Corporation
The Jordan Times - 04-Apr-2020 -
Central Bank of Jordan launches $704.5mln soft financing programme for SMEs
Soft loans aim to limit fallout of COVID-19 impact on businesses
The Jordan Times - 01-Apr-2020 -
First installment of $139mln under EFF programme transferred to Jordan's Treasury account
IMF’s executive board approved a new four-year programme with a focus on on increasing job opportunities in Jordan
The Jordan Times - 31-Mar-2020 -
CBJ extends working hours of banks, money exchanges to 3pm
Banks are not allowed to provide personal loans and financing to citizens and customers during this period
The Jordan Times - 30-Mar-2020 -
Licensed money exchanges in Jordan begin operating on limited basis
Exchanges must sterilise the locations that will be operating, ensure that queues are organised
The Jordan Times - 30-Mar-2020 -
Banks, currency exchanges in Jordan to open from 10am to 2pm as of Monday
Banking services will include foreign trade, cash deposits and cheques for merchants, as well as salary withdrawals for employees
The Jordan Times - 29-Mar-2020 -
Economists expect positive impact on businesses from CBJ’s lowering of interest rates
Central Bank of Jordan lowers interest rates on all monetary policy instruments by 100 basis points starting on Monday
The Jordan Times - 18-Mar-2020 -
All banks to remain open for salary disbursal on Wednesday, Thursday before two-week closure - Central Bank of Jordan
Government to suspend work in the public and private sectors for two weeks
The Jordan Times - 17-Mar-2020 -
CBJ lowers interest rates on monetary policy instruments by 100 basis points
CBJ also said that its main rate has been reduced from 3.5% to 2.5% annually
The Jordan Times - 16-Mar-2020 -
Central Bank of Jordan lowers compulsory reserves for commercial banks to 5%
The measure will enable the banks to lower the interest rates on facilities provided to institutions and individuals
The Jordan Times - 15-Mar-2020 -
Central Bank of Jordan interest rate reduction will have minimal impact, economists say
When the CBJ reduces the interest rate on deposits it tends to drop faster than when the interest rate is lowered on loans
The Jordan Times - 10-Mar-2020 -
Insurance draft law endorsed in Jordan's Lower House
The draft law regulates insurance companies in a manner that guarantees the sector achieves its designated purposes
The Jordan Times - 08-Mar-2020 -
Jordan central bank cuts main rates by 50 basis points to spur economy
The benchmark interest was cut to 3.50% from 4.00%
Reuters News - 04-Mar-2020 -
Central Bank of Jordan lowers interest rates by 50 basis points
The CBJ has financed some 1,207 projects
The Jordan Times - 04-Mar-2020 -
Jordan MPs talk measures against coronavirus, outbreak developments
Government has placed restrictions on the export of masks and has permitted three factories to produce two types of masks
The Jordan Times - 01-Mar-2020 -
Tourism revenue in Jordan grew 11.4% in January 2020 - CBJ figures
Tourism income increased mainly from Arab countries by 20.1%
The Jordan Times - 19-Feb-2020 -
Arab Bank Group reports net profits of $846.5 million for 2019 30% cash dividends
Net income before tax grew to reach $ 1.15 billion as compared to $ 1.12 billion in 2018, while Group equity grew to reach $9.102 billion with a return on equity of 9.3%
Press Release - 03-Feb-2020 -
2019 expatriate remittances reached $3.7bln: Central Bank of Jordan
Remittances of Jordanian expatriates in 2019 increased by 0.9% as compared to 2018
The Jordan Times - 03-Feb-2020 -
Intersec triples rebooking rate as Middle East commercial security market slated for 16% annual growth to 2025
Global trade event reaffirms Dubai's position as a hub for pioneering security and safety products and solutions
Press Release - 02-Feb-2020 -
Arab Bank Group reports net profits of $846.5 million for 2019 30% cash dividends
The Group's net operating income grew by 5% driven by growth in interest and fee income
Press Release - 02-Feb-2020 -
The Central Bank of Jordan and AMF announce the inclusion of the Jordanian Dinar as a Settlement Currency in Buna Payment Platform
Buna is a multi-currency payment platform that clears and settles cross-border payments in eligible Arab and international currencies across the Arab region and beyond, with links to to major trade partners.
Press Release - 28-Jan-2020 -
FinTech Consortium announces launch of Jordan FinTech Bay
Jordan FinTech Bay aims to foster synergies among market players
The Jordan Times - 28-Jan-2020 -
Jordan’s tourism income rose 10.2% in 2019 — CBJ
On a monthly level, the Kingdom’s revenues from tourism income increased during December 2019 to reach $437mln
The Jordan Times - 16-Jan-2020 -
All Lebanese banks operating in Jordan stable
The Central Bank of Jordan (CBJ) on Monday stressed the stability of all Lebanese banks operating in the Kingdom
The Jordan Times - 07-Jan-2020 -
Tourism revenues in Jordan witness increase through November 2019
The increase was mainly driven by an 8.3% rise in the total number of tourists to Jordan, which totalled 4.9mln, compared with the same period last year
The Jordan Times - 12-Dec-2019