JD 5 million refinancing loan to SGB

Amman, 26 May 2019

Jordan Mortgage Refinance Company signed an agreement under which SGB Jordan will grant a loan of KD 5 million for a period of three years to refinance the housing loans granted by the Bank to its clients by guaranteeing mortgages.
The agreement was signed by Deputy General Manager Abdul Razzaq Tabishat, General Manager Nadim Qabwat and Deputy General Manager Rami Al Khafash.
Qabwat said that 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 their uses and manage its assets and liabilities more efficiently.
Tabicat said that 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 middle and low income, to help them own housing.
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