Postponement of installments… “Banks” disappoint Jordanians, and a parliamentary memorandum confuses the scene
Amman Today
publish date 2023-04-14 16:55:41
Compass – Muhammad Saad
Great disappointment engulfed and confusion and anxiety increased among Jordanians after the Jordanian Association of Banks denied the news of “delaying bank loans” for the month of April, following the publication of official media, especially last Tuesday, quoting sources, which turned out to be inaccurate.
The association denied the news circulating about banks postponing the installments for the month of April, and Maher Al-Mahrouq, General Manager of the Association of Banks, said that “there is no consensus about postponing the installments in the first place.”
Also read: Postponement of installments .. Who benefits from the banks or the borrower, and does it include everyone?
For its part, the Jordan Chamber of Commerce confirmed that it had addressed the Association of Banks to postpone loans for the current month of April for the amount of 250 million dinars in the Jordanian market, which will revive the commercial movement.
A parliamentary memorandum addressing the government also called for postponing loan installments for the month of April, in order to provide sufficient liquidity for citizens, which encourages an increase in aggregate demand, revitalizing market movement, and improving economic performance in general, according to the book.
Also read: Postponement of loan installments..Did the government mislead the citizen in favor of the banks?
The head of the Jordan Chamber of Commerce, Khalil Haj Tawfiq, called in press statements to “reconsider the loans of defaulting individuals to banks, similar to the measures taken by the government to immunize the defaulters financially” by amending some legislations. Banks achieve large profits, part of which is due to stability in Jordan. There are loans For defaulters, do not exceed simple amounts, and there is also a social responsibility for banks.
Also read: Military credit: installments will not be postponed during 2023 under any circumstances
In turn, the economist Mounir Dayyeh said, “Delaying installments is one of the prosthetic solutions that remove the problem and do not contribute to solving it. The principle is that the government works to increase salaries gradually to match the high inflation and high cost of living, and that banks work on scheduling loans and installments incurred by citizens to reduce the value of the monthly installment.” due to them because the citizen is no longer able to fulfill the financial obligations imposed on him in light of the high cost of living and the high value of the premium due to the high interest.
Diyah indicated in previous statements to:compassUntil the debt crisis accumulated on citizens, which has doubled, exceeding 12 billion dinars, due to raising interest rates 8 times in a row during the past year and the beginning of this year, and we are preparing for a ninth rise in interest rates during the current month, which will also increase borrowing costs and raise the indebtedness of citizens.
The economist called on governments to think outside the box and find solutions to increase incomes and salaries and reduce unemployment rates through huge capital projects, attracting investments and facilitating the work of the private sector to raise growth rates and stimulate the work of various sectors because low salaries, declining income levels and the survival of young people without work will exhaust the economy and increase economic challenges. and social facing our country
Submission of payroll
In an attempt to revive the markets, a government source said that it is expected that the salaries of workers in the public sector and retirees for the month of April will be disbursed before the 21st of this current April, i.e. before Eid al-Fitr. From this April.
According to the figures of the Central Bank of Jordan, the indebtedness of individuals with banks until last year amounted to 11.8 billion dinars (16.64 billion dollars), and the number of individual borrowers from banks reached about 1.17 million borrowers.
At a time when the government announced the number of financial defaulters, reaching (157,367) people, of whom (137,715) had debts less than twenty thousand dinars.
#Postponement #installments #Banks #disappoint #Jordanians #parliamentary #memorandum #confuses #scene
Jordan News
Source : اخبار الاردن
