Housing Bank Launches Jordan’s First Supply Chain Finance Program for Reverse Factoring

Housing Bank has announced the launch of Jordan’s first supply chain finance program, offering reverse factoring of trade invoices in a move that reinforces its leadership in financial innovation. The program digitally integrates the bank’s trade finance system with CreditPlus, Jordan’s first digital platform specialized in supply chain finance.اضافة اعلان

The new program aims to empower small and medium-sized enterprises (SMEs), which are the backbone of the Jordanian economy and key suppliers of goods and services. This is done by providing them with innovative, sustainable, and lower-cost financing solutions compared to traditional means. By ensuring continued cash flow within supply chains, the program helps SMEs maintain operations, supporting job creation and economic growth in Jordan.

This launch aligns with Housing Bank’s commitment to fostering a more inclusive and sustainable business environment by addressing the financing challenges faced by SMEs, which represent a significant segment of businesses in the Kingdom. It also reflects the bank’s ongoing efforts to enhance Jordan’s digital financial infrastructure by adopting advanced financial technology solutions that facilitate easy, non-traditional financing and expand financial inclusion.

The program offers a range of digital trade finance solutions, including invoice financing and reverse factoring, enabling SMEs to improve their liquidity, accelerate growth, and enhance competitiveness. Suppliers can collect payments for their invoices earlier and at a lower financing cost, based on confirmed transactions and the credit standing of their buyers, without the need for traditional guarantees or prior credit limits.

Additionally, the platform supports the digitization of financial and commercial operations for SME suppliers, enabling seamless integration with stakeholders while enhancing operational efficiency, invoice management, and reducing operational risks.

This initiative builds on Housing Bank’s comprehensive suite of products and services for SMEs, which includes tailored financing programs, advanced electronic services, and a wide range of trade finance solutions. The launch, in partnership with award-winning fintech CreditPlus, further demonstrates the bank’s strategy to consolidate its position as a leader in digital transformation in the banking sector.

Notably, the program aligns with Housing Bank’s strategy to strengthen its leadership in digital transformation across both operational and banking services. It marks a significant addition to the bank’s comprehensive suite of digital solutions and channels, which includes specialized banking programs for children and youth, a nationwide network of modern branches and ATMs with interactive screens, and a 24/7 call center, all designed to provide high-quality service and support to individuals and businesses across Jordan.