Ammon News - The Cabinet, during a session chaired by Prime Minister Jafar Hassan, on Wednesday, decided to approve the recommendation of the Board of Directors of the Central Bank of Jordan (CBJ) to increase the bank’s capital to JD100 million instead of JD48 million.

The decision aims to enhance the financial strength of the bank’s capital base in line with the size of its assets, which reached JD19.3 billion as of the end of 2024, including foreign assets worth JD16.8 billion (86.9% of total assets), after the Central Bank of Jordan’s foreign reserves reached $21 billion.

This comes in accordance with the provisions of Article 8 of the Central Bank of Jordan Law No. 14 of 1971 and its amendments, by transferring the increase amount, amounting to JD52 million, from the general reserve account to the capital account.