Financial and Banking News


Petra's Rizk Exposure "Less than 10%" 

The total exposure of the Amman-based Petra Bank to the failed money changer Saliba and Rizk Shukri Rizk Exchange Company is "less than 10%" of the JD5.4mn owed by the company to the banking sector, a bank spokesman revealed last week, and "our security is the most adequate and encashable" of all the banks involved. The spokesman confirmed that Petra Bank had dealt...