Private sector accounts for 93.3% of total bank deposits - Central Bank of Jordan

The total deposits in the January-July period of 2021 increased by 3.1%

  
A general view of the Central Bank of Jordan in downtown Amman, Jordan July 2, 2019. Image used for illustrative purpose.

A general view of the Central Bank of Jordan in downtown Amman, Jordan July 2, 2019. Image used for illustrative purpose.

REUTERS/Muhammad Hamed

AMMAN — The Jordanian private sector accounts for 93.3 per cent of the total bank deposits valued at JD37.9 billion during the first seven months of 2021, the Central Bank of Jordan (CBJ) announced on Wednesday.

The total deposits in the January-July period of 2021 increased by JD1.125 billion or 3.1 per cent compared with the end of 2020, while the corresponding period of 2020 witnessed a drop of 0.4 per cent by JD147 million, the Jordan News Agency, Petra, reported, citing a CBJ initial data.

The credit facilities given to businesses by banks amounted to JD29.8 billion in the first seven months of 2021, constituting an increase of JD1.144 billion compared with the same period of 2020.

The increase in credit facilities came as a result of increasing facilities by up to JD439 million for the construction sector, JD412 million for individuals and JD352 million for the service sector.

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