JD15 million refinancing loan for Arab Banking in Jordan

Media In / Amman, July 23, 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 15 million for a period of two years to refinance the housing loans granted by the Bank to its customers by guaranteeing mortgages. The agreement was signed by Deputy General Manager Abdul Razzaq Tabishat and the Bank’s Chief Executive Officer / General Manager Simona Sabella. Sabella 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 provide housing loans to citizens at competitive interest rates and times commensurate with their ability to repay. It also contributes to more timely matching of the bank’s resources with its uses and managing its assets and liabilities more efficiently.