Jordan deposits up 3.9%, loans up 2.6% in 2023

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(File photo: Jordan News)

AMMAN – On Monday, Al-Mamlaka TV reported that by the end of 2023, bank deposits at licensed banks in Jordan reached approximately JD43.7 billion, reflecting a 3.9 percent increase compared to the same period in 2022, when deposits were JD42.1 billion.

Notably, the private sector accounted for the highest deposit value, reaching around JD40.4 billion by the end of the previous year. This represents a 3.6 percent increase from the deposits recorded at the end of 2022, which were approximately JD39 billion at that time.

Meanwhile, public sector deposits amounted to approximately JD3.4 billion at the end of December in the previous year. This reflects a 7.7 percent increase compared to the same period in the preceding year, when deposits were JD3.1 billion.

Regarding credit facilities and loans in 2023, their total value reached JD33.4 billion by the end of the previous year. This represents a 2.6 percent increase from their value at the end of 2022, which was approximately JD32.6 billion.

Among the notable borrowers, as per the data, the top three sectors were as follows:

  • Construction sector: Borrowing amounted to approximately JD8.03 billion.
  • Services and public utilities sector: Borrowing reached about JD5.5 billion. Additionally, the general trade sector borrowed approximately JD4.9 billion.
  • The “other” category: Borrowing reached around JD8.4 billion.
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