Jordan's banks combined assets up by 6.3%

AMMAN — The volume of combined assets of the Jordanian banking sector in 2020 increased by 6.3 per cent, compared with 2019, while capital accounts, reserve and allocations grew by 6.9 per cent in 2020 to reach JD8715.2 million.

According to the Association of Banks in Jordan's (ABJ) figures, credit facilities granted to the public and private sectors reached some JD28.64 billion, registering a 5.7 per cent growth, compared with the end of 2019.

The volume of deposits grew by 4.2 per cent to hit JD36.79 billion by the end of 2020, the Jordan News Agency, Petra, reported.

The Jordanian banking sector in 2020 issued more than 102,700 credit cards, offered more than 152,000 loans made to individual borrowers at a total value of JD1.31 billion, some 27,500 mortgage loans for individuals at a total value of about 604.1 million and nearly 42,500 auto loans at a total value of JD415.9 million.