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FinancialNews


  • 09-05-19

    Jordan yet to remove all challenges for banks

    (MENAFN) Fitch Ratings suggested that despite Jordan currently witnessing a stabilizing process in its operating atmosphere, Jordanian banks are still facing obstacles.

    This comes as Jordanian banks suffer from below-potential GDP growth, growing unemployment rate, challenging regional environment and intensified social tension.

    According to Fitch Ratings, Long-Term Issuer Default Ratings (IDRs) of banks in Jordan are motivated in their standalone credit profile.

    Long-Term IDR of Arab Bank reached 'BB', with the effects of a sovereign crisis likely to slow down over its expansion within the GCC and MENA region among other elements.

    MENAFN0905201900450000ID1098499410

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