Media ININ Economy We Trust
media In , amman 15 January 2018
The Jordan Mortgage Refinance Company signed a loan agreement with Arab Banking Corporation (ABC) – Jordan, under which the Bank was granted a loan of KD 5 million for a two-year period to refinance the housing loans granted by the Bank to its clients with mortgage guarantees. The agreement was signed by the Bank’s General Manager Simona Sabella Company Deputy General Manager Abdul Razzaq Tabishat. Sabella said that the agreement contributes to enhancing the Bank’s role in the housing finance market in the Kingdom by providing more funds to grant housing loans to citizens at competitive interest rates and for periods commensurate with their ability to repay. “This agreement comes within the framework of achieving the company’s objectives of activating the housing finance market in the Kingdom by enabling banks and financial institutions to increase their participation in the housing finance market, especially those with low and middle income, to help them acquire housing,” he said. The company provides the necessary funds to banks and financial institutions through the issuance of loans in the local capital market, which contributes to the activation and revitalization of this market in the Kingdom.
