Central Bank Postpones May Loan Instalments

The Deputy Governor of Jordan’s Central Bank has announced the Bank has issued directives to banks to postpone loan instalments for March and April without fees. The Bank has asked these institutions to postpone the loan instalments for May because of the Eid holiday. They added 400,000 borrowers have benefited from the decision to postpone the loan instalments and 270,000 borrowers have benefited from a reduction in the interest rates by 1.5%. They went on to say 1,060 loans have been issued and 55% of them were for paying salaries. Full story

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