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August 18 2022 1:47 AM ˚
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7% increase in banks’ consolidated budget in 2021

CBJ
(Photo: CBJ)
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AMMAN — The value of the of licensed banks’ consolidated budget in Jordan increased during 2021 by JD4 billion, bringing its total value to JD61 billion, compared to JD57.04 billion at the end of 2020, according to the latest data issued by the Central Bank of Jordan (CBJ), carried by Al-Ghad News.اضافة اعلان

The consolidated budget, consisting of assets and liabilities, rose in 2021 by 7 percent compared to the end of 2020.

There are 24 banks, of which 16 are local and eight are foreign, operating in Jordan through a total of 830 branches.

The value of banks’ domestic assets increased by 7.8 percent at the end of 2021 to reach JD54.7 billion, compared to JD50.7 billion at the end of 2020.

Domestic assets consist of debts owed to all sectors of the Kingdom by licensed banks; the public sector, the central government, public institutions, the private sector, financial institutions, reserve and cash in fund, as well as the CBJ’s balances in Jordanian dinars and foreign currencies, in addition to other assets.

Foreign assets consist of cash in the fund (in foreign currencies), balances with banks abroad, a stock portfolio (non-resident), credit facilities for the private sector (non-resident), and other foreign assets.

Liabilities were distributed among demand deposits to reach at the end of 2021 a total of JD9.821 billion, compared to JD8.95 billion at the end of 2020, indicating an increase of 9.6 percent.

Savings amounted to JD23.4 billion in 2021, compared to 22.11 billion dinars at the end of 2020, indicating a growth of about 6 percent.

Demand, savings and time deposits consist of non-financial public institutions, municipality and village councils, financial institutions, the Social Security Corporation and the private sector (resident).

Foreign liabilities last year amounted to JD10.6 billion, an increase of 8.6 percent compared to end of 2020.

Central government deposits increased by 3.7 percent in 2021 to reach JD985.9 million, compared to JD944 million at the end of 2020.

The consolidated budget of licensed banks in the Kingdom increased during 2020 by JD3.4 billion, bringing its total value to JD57.04 billion, compared to JD53.641 billion at the end of 2019.

Thus, the consolidated balance sheet of licensed banks in the Kingdom, consisting of assets and liabilities, increased in 2020 by 6.3 percent compared to the end of 2019.

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