Media ININ Economy We Trust
Media In / Agencies / Amman 11 June 2018
Jordan Mortgage Refinance Company signed a loan agreement with the Jordanian Capital Bank, under which the Bank was granted a loan of 10 million dinars for a period of 5 years to refinance the housing loans granted to its customers by guaranteeing mortgages.
The agreement was signed by Deputy General Manager Abdul Razzaq Tabishat and the Jordanian Finance Bank, General Manager, Alaa Qamseh.
“This 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 for periods commensurate with their ability to repay.
He added that the agreement contributes to aligning the bank’s resources with its uses and managing its assets and liabilities more efficiently.
Tabichat said that the agreement comes within the framework of achieving the company’s objectives of activating the housing finance market in the Kingdom, in order to enable banks and financial institutions to increase their participation in the housing finance market, especially for those with middle and low income, to help them own housing.
The Jordan Mortgage Refinance Company provides the necessary funds to banks and financial institutions through their issuance of bonds in the local capital market, which contributes to the activation and revitalization of this market in the Kingdom.
