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.




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