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Jordan's banking industry healthy, Moody's says
- Jordan: Sunday, December 21 - 2008 at 11:05
The credit outlook for Jordan's financial institutions is stable and positive, according to a new report by Moody's Investor Services. The report said the kingdom's capitalisation levels are healthy and provide room for growth and for the absorption of possible loan losses despite current global economic turmoil. Nondas Nicolaides, Moody's senior vice president, said, 'Jordan is a small and concentrated economy that, however, demonstrates resilience and offers limited but improving opportunities for the banking sector'.
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StaffSunday, December 21 - 2008 at 11:05 UAE local time (GMT+4)
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