Banks issued credit facilities up to JD1.26 billion by end of January

AMMAN — Credit facilities extended by licensed banks in the Kingdom increased JD1.2618 billion by the end of January and totalled JD26.2141 billion, compared with JD24.9523 billion in the same period in 2018, according to Central Bank of Jordan (CBJ) figures.

A total of JD106 million in credit was issued in January, according to the CBJ’s monthly data. 

The construction sector received the most facilities with JD6.8075 billion followed by the trade sector with JD4.539 billion and the services and general facilities sector with JD3.867 billion, the Jordan News Agency, Petra, reported.

Credit granted by banks to the industrial sector totalled JD3.0397 billion, which occupied the fourth rank, followed by the financial services sector at JD789.6 million, Petra added.

Credit extended to the agricultural sector reached JD342.2 million in January compared with JD324.5 million during the same period in 2018, and the mining sector was given JD330.6 million in credit compared with JD277.6 million last year. 

The transportation sector was given JD339.9 million, which was a decline when compared with JD360.6 million in 2018.

The private sector topped the list of borrowers with JD23 billion, followed by the central government, governmental institutions and the non-resident private sector with JD2.023 million, JD422 million and JD677 million respectively.