Economic Research | Country Risk Weekly Bulletin | Country Risk Weekly Bulletin 526 | Construction and trade account for 44% of overall lending at end-2017 | Lebanon | Byblos Bank

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Byblos Bank

Country Risk Weekly Bulletin 526

Home Economic Research Country Risk Weekly Bulletin 526 Construction and trade account for 44% of overall ...
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Construction and trade account for 44% of overall lending at end-2017

Figures released by the Central Bank of Jordan indicate that credit facilities extended by commercial banks in Jordan totaled JD24.8bn, or $34.9bn, at the end of 2017, constituting an increase of 8.1% from JD22.9bn at end-2016. Credit facilities were equivalent to 87% of GDP in 2017 compared to 83.5% of GDP in 2016. Credit in foreign currency accounted for 10.5% of the total at the end of 2017, relative to 11.9% a year earlier. The resident private sector accounted for 87.9% of total credit at end-2017 relative to 86.9% a year earlier. The distribution of credit by sector shows that construction represented JD6.6bn or 26.7% of the total at end-2017, up from 25.4% a year earlier; while general trade accounted for JD4.2bn or 17.2% of the total relative to 17.8% at the end of 2016. 


Source: Central Bank of Jordan, Byblos Research

 
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Byblos Bank S.A.L., Byblos Bank Headquarters, Elias Sarkis Ave., Ashrafieh, Beirut

List of Banks No.39, CRB:14150, BDL Authorization No. 11/231 Dated 14 May 2005

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