Complex Made Simple

Deposits with Jordan’s banks up by 7 per cent in 10 months

Private-sector deposits amounted to JOD29.5 billion during that period

The total value of deposits with Jordan’s local banks grew by seven per cent in the first ten months of the current year, according to new figures.

During the January-to-October period of 2015, deposits with the local banking system surged by JOD2.11 billion to reach a total of JOD32.3bn, compared with JOD30.2bn at the end of 2014.

Bringing the comparison to a month-on-month level, the statistics, published by the Al-Ghad newspaper, indicate that deposits soared by JOD133.9 million in October, compared with a moth earlier.

Private-sector deposits amounted to JOD29.5bn in the ten-month period, against JOD27.7bn at the end of 2014, up by 6.3 per cent.

Private-sector deposits comprised 91.2 per cent of the total value of deposits with the local banking system.

With regards to public-sector deposits, they soared by 15.1 per cent at the end of October to JOD2.8bn, compared with JOD2.4bn at the end of last year. They also made up 8.8 per cent of the total value of deposits.

 (JOD1 = AED 5.18, at the time of publishing)