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Beware financial intermediaries, Central Bank of Jordan tells public

By Petra - Apr 28,2014 - Last updated at Apr 28,2014

AMMAN — The Central Bank of Jordan (CBJ) on Monday warned against dealing with local companies that claim to mediate with commercial banks in return of money. In a statement, the CBJ said some companies have announced readiness to present loans for citizens and mediate with commercial banks to obtain loans in return of fees, stressing that these companies are not licensed.  The CBJ underlined that banks are banned from dealing with such entities, noting that they are only allowed to extend loans according to their credit policy. People who wish to obtain a loan should directly head to the bank, according to the CBJ.

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