The Association of Banks in Jordan announced postponing April individual loan installments on the occasion of the holy month of Ramadan.

The Director-General of the Association of Banks in Jordan, Dr. Maher Al-Mahrouq, said in a press statement issued today that this measure comes out of the bank’s social responsibility and in an effort to relieve citizens during the blessed month of Ramadan of the current circumstances.

Dr. Al-Mahrouq confirmed banks have agreed, in coordination with the Central Bank of Jordan, to postpone the installments of individual loans during the blessed month of Ramadan (April) without delaying interest or commissions.

This initiative comes within the bank’s framework of their social responsibility and constant keenness to launch mitigating initiatives that help citizens overcome the financial challenges they may face. This emphasizes the developmental and stimulating role of banks in providing sufficient liquidity to citizens which encourages an increase in aggregate demand, revitalization movement of markets and improving economic performance in general.

Dr. Al-Mahrouq indicated in the press release that clients who do not wish to postpone should contact the banks they deal with to inform them of their unwillingness.