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IDB to be commercial bank
- Jordan: Monday, December 30 - 2002 at 13:41
An amendment to the law governing the establishment and operations of Jordan's Industrial Development Bank (IDB) will be announced soon to transform the institution into a commercial development bank, an official source told Jordan Times. The amendments will enable the bank to operate on semi-commercial basis before functioning commercially at a later stage, for up to four years.
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Peter J. CooperMonday, December 30 - 2002 at 13:41 UAE local time (GMT+4)
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This article was updated on Sat Jan 11 2003.
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