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Jordan banks seen easiing tight credit terms

According to data by Jordan's central bank, private loans extended by Jordan's banks stood at JD16.6 billion ($23.4bn) at end of May, up 2.46% since the end of December, showing signs of easier credit from risk averse banks, Reuters has reported. Bankers told the news service that some lenders have started easing tight credit terms to top tier companies after months of slow lending hurt banks' profits, especially those awash with liquidity.