Economic Research | Country Risk Weekly Bulletin | Country Risk Weekly Bulletin 583 | Lending to resident private sector in Jordan up 1.3% in first quarter of 2019 | Lebanon | Byblos Bank

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Byblos Bank

Country Risk Weekly Bulletin 583

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Lending to resident private sector in Jordan up 1.3% in first quarter of 2019

The consolidated balance sheet of commercial banks in Jordan indicates that total assets reached JD51.4bn or $72.5bn at the end of March 2019, constituting increases of 0.9% from the end of 2018 and of 3.2% from end-March 2018. Claims on the resident private sector grew by 1.3% from end-2018 to JD24bn, while credit facilities to the non-resident private sector rose by 0.8% to JD660.4m, leading to an increase of 1.3% in overall private sector credit facilities in the first quarter of 2019. Lending to the resident private sector accounted for 46.7% of total assets at the end of March 2019 compared to 46% a year earlier. In parallel, resident private sector deposits reached JD27.2bn at the end of March 2019, up by 0.8% from JD26.9bn at end-2018 and almost unchanged from JD27.1bn at end-March 2018, while non-resident private sector deposits grew by 0.8% from the end of 2018 and by 3.4% from end-March 2018 to JD3.9bn. The government's deposits totaled JD945.1m and those of public non-financial institutions reached JD226.5m. Claims on the public sector accounted for 22.3% of total assets at end-March 2019 compared to 21.1% a year earlier. Also, the banks' reserves at the Central Bank of Jordan totaled JD4.9bn, or $6.9bn at end-March 2019, down by 15.4% from end-March 2018; while capital accounts and allowances increased by 4.4% from end-March 2018 to JD7.9bn. Deposits at foreign banks reached JD3.9bn, or $5.5bn, at the end of March 2019, up by 0.8% from end-2018; while the sector's foreign liabilities increased by 4% from end-2018 to JD7.6bn. 
Source: Central Bank of Jordan
 
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