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

  

AMMAN — The Central Bank of Jordan (CBJ) on Wednesday issued a circular allowing banks to distribute dividends on shareholders in light of their 2020 financial outcomes, providing that the distribution does not exceed 12 per cent of the capital.

The CBJ noted that its decision is made following the “comfortable levels” of liquidity and solvency of banks in the Kingdom, adding that to enhance this solvency, the Jordan News Agency, Petra, reported.

The CBJ issued circular to banks last year not to distribute dividends to enhance their solvency in light of risks that might be caused as a result of the COVID-19 pandemic.

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