CBJ raises wholesale importers' credit to JD1m

(Photo: Jordan News)
AMMAN — The Central Bank of Jordan (CBJ) on Thursday raised the credit ceiling for wholesale importers of basic commodities from JD600,000 to JD 1 million, in agreement with the Ministtry of Industry, Trade, and Supply, according to Al-Mamlaka TV.اضافة اعلان

The bank also decided to start a program to support small and medium-sized enterprises valued at JD700 million as well as maintain interest rates for borrowers at 2 percent for a 54-month period, including a grace period of a year.

There are currently 5,871 projects financed by the CBJ at the value of JD521.7 million, and the program has protected some 94,000 jobs from being lost since the beginning of the COVID-19 pandemic.

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