Local bank assets, deposits exceeds 100% of GDP

money- alghad
(File photo: Jordan News)
AMMAN— The ratio of the total assets of licensed banks in Jordan to the GDP amounted to about 192 percent, according to indicators of the financial depth of the banking sector for the year 2022, Al-Mamlaka TV reported.اضافة اعلان

Indicators of the financial depth issued by the Association of Banks in Jordan indicated that the total deposits with licensed banks in the Kingdom amounted to 125 percent of the GDP, while the total credit facilities granted by banks to the GDP amounted to 95.7 percent.

The association said the indicators include licensed banks, according to the bulletin issued by the Central Bank of Jordan at the end of last March.

GDP at the current prices for the year 2021 amounted to approximately JD32.123 billion, according to the data of the Department of Statistics.

The net after-tax profit of banks operating in Jordan last year amounted to JD550 million, compared with JD328 million in 2020. Returns on assets were valued at 1 percent, while the return on shareholders’ equity was 8.3 percent.

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