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FINANCIAL NEWS
IMF confirms USD723m loan to Jordan
25 Aug 2016
(MENAFN) The International Monetary Fund approved USD723mn loan to Jordan in a three-year program in order to support economic and financial reforms to low public debt.
Moreover, the program aims at advancing fiscal consolidation to lower public debt and broad structural reforms to enhance the condition for inclusive growth.
Additionally, the deal will focus on cutting public debt to 77 percent of GDP by 2021 from 94 percent recently.
Meanwhile, debt increased by around a third to USD32bn in five years as economic strains reduced profits and foreign aid, making Jordan to borrow more.
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BBK discloses its financial results for the half year ended 30th June 2025
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
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