Banks hold JD43b in deposits by end of October

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AMMAN — Deposits of the banking system grew by 6.1 percent, to reach JD42.9 billion, by the end of October, compared to what it recorded at the end of 2021, according to the banking bulletin of the Association of Banks, the Jordan News Agency, Petra, reported.اضافة اعلان


Total credit facilities granted by banks operating showed a growth of 7.6 percent for the same period, to reach JD32.3 billion, while credit facilities granted to the resident and non-resident private sector accounted for 90.9 percent of the total credit facilities during last October, reaching JD29.4 billion.


Total assets increased by JD2.250 billion as of the end of October, to reach about JD63.3 billion.


The bank sector showed a strong result across most indicators, as the capital adequacy ratio reached 17.1 percent for the first half of this year, which is much higher than the minimum required by the 12 percent mandated by the Central Bank of Jordan.


The legal liquidity ratio in banks reached 136.7 percent, which is 100 percent higher than the minimum required by the central bank, and the ratio of operating debts in the banking system reached 4.6 percent, which is a low percentage and within globally recognized safe levels. The coverage ratio reached 83.4 percent, which is considered high, Petra reported.


The banking sector registered JD404 million in profit before tax at the end of the first half of the year, amounting to JD278 million after tax.



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