Financial and Banking News
Jordanian Banks Told To Raise Paid-Up Capital
Jordan's commercial banks have been given until the end of 1995 to raisetheir paid-up capital to JD10mn ($14.3mn) and until the end of 1996 to raise itto JD20mn. The new requirements, which were circulated to banks at the end ofJanuary, are designed to encourage mergers between the smaller banks. Thecircular announcing the changes stated explicitly that commercial...