Media ININ Economy We Trust
Media In / Amman 26 February 2019
Jordan Mortgage Refinance Company signed an agreement with Societe Generale Bank (JSB) on Tuesday to grant a two-year loan of two million dinars for refinancing housing loans granted by the bank to its customers by guaranteeing mortgages.
The agreement contributes to enhancing the role of the Bank 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 and to adjust the time limits of the bank’s resources with its uses and manage its assets and liabilities more efficiently.
The agreement comes within the framework of achieving the objectives of the company to activate the housing finance market in the Kingdom in order to enable banks and financial institutions to increase their contribution to the housing finance market, especially for those with middle and low income to help them own housing.
The company provides funds to banks and financial institutions through their issuance of loans in the local capital market.
