Loan postponement pumps JD200mln to push local commercial activities-Stakeholder

[18-06-2022 02:55 PM]

Ammon News - Representative of the foodstuff sector in the Jordan Chamber of Commerce (JCC), Raed Hamadeh, said the banks' postponement of individual loan installments for the current month of June will reflect "positively" on local commercial activity.

In a statement on Saturday, he highlighted the decision's importance, which would contribute to pumping liquidity into the local market estimated at JD200 million that would reflect on reviving Jordan's commercial and service sectors and stimulate national economy.

The decision will support the citizens' purchasing power by providing liquidity, which would push demand to purchase goods, he pointed out.

The banks' step, he noted, will enable citizens to secure their goods and services needs on Eid al-Adha occasion, primarily hospitality commodities.

As for citizens' spending impacts locally, he noted Jordan's commercial and service sector is counting on the coming days to revive local commercial movement and overcome weak trading during the past months.

On key trade-related funding issues, he said Jordan's food sector today needs pumping more liquidity and provide financing ways on easy terms to help importers and traders to sustain market supply operations and local strategic food stocks.

  • no comments

All comments are reviewed and posted only if approved.
Ammon News reserves the right to delete any comment at any time, and for any reason, and will not publish any comment containing offense or deviating from the subject at hand, or to include the names of any personalities or to stir up sectarian, sectarian or racial strife, hoping to adhere to a high level of the comments as they express The extent of the progress and culture of Ammon News' visitors, noting that the comments are expressed only by the owners.
name : *
show email
comment : *
Verification code : Refresh
write code :