Interest Rates Drop 2.5% in 15 Years

تم نشره في Sun 29 January / Jan 2017. 01:00 AM - آخر تعديل في Sun 29 January / Jan 2017. 07:02 PM
  • Central Bank of Jordan (CBJ) Building, Amman - (Archives)

AMMAN —AlGhad— The average interest rate on loans facilitated via the domestic banking sector has dropped 2.5 per cent over the last 15 years, says a Central Bank of Jordan (CBJ) report,  from 10.5 per cent in 2001 to roughly 8 per cent in 2016.

In 2001, a total of 20 banks operated in Jordan; 15 local and 5 foreign banks. By 2016 the number of operating local and foreign banks grew by one and four, respectively, with the total of facilities extended up 310 per cent in 15 years; from 2001’s JOD402.4 million to JOD1.65 billion in 2016.