Banking Association keeps rates steady for existing loans

The Association of Banks in Jordan confirms that banks will not increase interest rates or loan installments for individuals despite the 25 basis point rise in the interest rate. This is to protect their financial capabilities and maintain the stability of the financial system, despite the increasing costs on banks resulting from higher interest expenses on deposits, especially foreign ones.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article