JLGC provided loan guarantees worth JD154.5 million in 2021

(File photo: Ameer Khalefih/ Jordan News)
AMMAN — Governor of the Central Bank and Chairman of the JordanLoan Guarantee Corporation (JLGC) Adel Sharkas said that the corporation had provided loan guarantees to about 2,000 projects in 2021, with a nominal value of JD154.5 million, Al-Ghad News reported Saturday.اضافة اعلان

During the corporation’s shareholders meetings, Sharkas stressed the importance of its role in serving economic projects in the Kingdom.

Sharkas said that the number of guaranteed shipments within the Jordanian export credit guarantee program during 2021 increased to 2,421, with a guaranteed value of JD176 million. Furthermore, many new policies were signed with industrial companies within the export credit guarantee program and local sales.

Sharkas explained that the JLGC had increased its revenues in 2021 by 16 percent compared to 2020, totaling JD5.219 million, thanks to a “significant” increase in the corporation’s operating revenue.

The corporation’s operating revenue increased from JD2.366 million in 2020 to about JD3.94 million in 2021, while the company’s investment revenue dropped from JD1.774 million in 2020 to JD1.570 million in 2021.

The corporation’s general assembly approved the board’s recommendation to not distribute the 2021 dividends to shareholders, to strengthen the corporation’s capital.

The shareholders’ total equity amounted to JD38.360 million at the end of 2021, and the company’s total assets amounted to approximately JD798 million at the end of 2021.

According to the final data for the year 2021, the corporation was able to achieve a net profit after tax of JD1.1 million, compared to JD645,000 recorded in 2020.

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