VOL. XLV
No 14
8-April-2002
JORDAN
Jordan Banks Exposed To Bad LoansOrdered By CBJ To Hike Capital
The three Jordanian banks thathave been exposed to bad loans in the sectors recent multi-million dollar scandalhave been ordered by the Central Bank of Jordan (CBJ) to hike their capital aspart of the CBJs move to tighten its bankingregulations. The loans to Amman-based IT firm GlobalBusiness (GB) were found to be insufficiently collateralized after it wasdiscovered that documents for government...
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