Middle East Economic Survey


No 52



CBJ Raises Minimum Capital Requirement for Banks

The Central Bank of Jordan (CBJ) on 19 December decided to raise the minimum capital requirement to JD100mn for a local bank, and JD50mn for a foreign bank operating in the kingdom. In an announcement made that day, the newly appointed CBJ Governor Faris Sharaf directed those banks whose capital levels did not meet the new requirements to suggest ways on how to recapitalize to...