The Housing Bank Signed a Loan Agreement for JOD 250 million with NEPCO

تم نشره في Fri 27 March / Mar 2015. 12:00 AM - آخر تعديل في Sun 10 May / May 2015. 09:50 AM
  • The Housing Bank Signed a Loan Agreement for JOD 250 million with NEPCO

The Housing Bank announced the signing of a loan agreement with the National Electric Power Company (NEPCO), under which the Bank provides funding of JOD 250 million for supporting the financial capacity of NEPCO and financing its needs.

The agreement was signed on behalf of the Housing Bank, by Omar Malhas General Manager, and Mohammed Qaryouti,Assistant General Manager for Banking Affairs and Companies, and on behalf of NEPCO, by Eng. Abdul Fattah Daradkeh,General Manager, and in the presence of representatives of the parties' management.

Meanwhile, Daradkeh, General Manager of NEPCO, expressed his thanks and appreciation for the Housing Bank and professionalism in the fulfillment and execution of the loan agreement, and called for greater cooperation between the two parties for the common interest.

The signing of this agreement is the culmination of the good relations between the Housing Bank and NEPCO, and as a confirmation of the Bank's role in supporting the national economy by providing funding effective and productive economy sectors, especially the energy sector, which is witnessing growth and significant developments and challenges with global energy prices.