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EBRD supports growth capacity of Jordan’s Bank Al Etihad

Dec 12,2019 - Last updated at Dec 12,2019

The European Bank for Reconstruction and Development (EBRD) is supporting the financial sector and micro-, small- and medium-sized enterprises (MSMEs) in Jordan with a JD21.3 million subordinated loan to Bank Al Etihad that will support its growth and lending capacity.

This is the first time that the EBRD has provided a Basel III-compliant subordinated loan in Jordan or the wider southern and eastern Mediterranean region.

The loan is aimed at strengthening Bank Al Etihad’s capital structure in line with the Basel III instructions that Jordan adopted in 2016. The Basel III instructions seek to improve regulation, supervision and risk management within the Jordanian banking sector to enhance the ability of banks to face risks.

The loan will support Bank Al Etihad’s growth plans and lending capacity, including to MSMEs, thus improving MSME access to finance, which remains a major challenge for this segment of the economy.

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