AMMAN— The assets of
operating banks in Jordan experienced
a noteworthy surge, reaching JD64.251 billion by the end of April, according to
data from the
Central Bank. This represents a growth rate of 0.2 percent
compared to the previous year.
اضافة اعلان
In parallel, the banking sector witnessed a rise in total
deposits within the
Jordanian market, reaching JD42.362 billion by the end of
April, Hala News reported. The total amount of deposits exhibited a 0.6 percent
increase compared to the previous period.
Additionally,
credit facilities provided by banks in the
country amounted to JD33.376 billion, showcasing a growth rate of 2.4 percent
in comparison to the previous year.
Data from the
Jordanian Banks Association revealed that the
sector's total assets, measured as a percentage of the gross domestic product,
reached an impressive 190.7 percent.
Total deposits relative to GDP
Moreover, the total deposits in banks relative to the gross
domestic product stood at 125.7 percent, emphasizing the sector's substantial
contribution to the national economy.
Foreign assets within the
banking landscape experienced significant growth, surging by JD417.4 million, equivalent to a 7.1 percent
increase compared to the previous year. However, domestic assets witnessed a
slight decrease of JD310.9 million, indicating a decline of 0.5 percent.
Economic sectors
Jordanian banks played a pivotal role in supporting various
sectors of the economy through the provision of economic credit facilities.
Notably, the individual and "other" sectors dominated the share,
accounting for 24.7 percent of the total facilities provided, with an overall
value of JD8,229.4 million.
Following closely, the construction sector received credit
facilities totaling JD8,216.3 million, while the services and public utilities
sector obtained facilities amounting to JD5,482.5 million.
The
financial resilience indicators which measure banks'
ability to withstand financial shocks, exceeded the
Central Bank's minimum
requirement. By the end of 2022, the capital adequacy ratio for Jordanian banks
reached 17.3 percent, significantly surpassing the mandatory threshold of 12
percent.
Additionally, the legal liquidity ratio, reflecting the
availability of liquid assets to cover short-term obligations, stood
impressively at 138 percent, exceeding the minimum requirement of 100 percent.
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