AMMAN: Jordan Loan Guarantee Corporation (JLGC) seemed to gaining momentum as they were in high demand last year. According to the JLGC’s 21st annual report, the outstanding guaranteed portfolio at the end of 2014 was valued at JD64.6 million spread over 3,599 credits.
At the end of 2013, the guaranteed value was JD59.1 million spread over 3,306 credits. Of the outstanding balance at the end of last year, JD36.1 million in guaranteed value covered 1,826 productive credits under the small- and medium-sized enterprises’ (SMEs) loan guarantee programme.
The remaining JD28.5 million were in guarantees for 1,773 beneficiaries from real estate and personal loans. JLGC Chairman Maher “Al Sheikh Hassan” told the shareholders in an annual report’s foreword that productive projects carried out by SMEs benefited last year from financial guarantees extended to 824 loans, carrying a JD32 million nominal value.
Sheikh Hassan, who is the deputy governor of the Central Bank of Jordan, indicated that under the export and domestic credit guarantee programmes, JLGC also covered 1,219 shipments with a value in excess of JD52 million. In a breakdown of the latter facility, JLGC General Manager Mohammed Al Jafari mentioned that guarantees valued at JD47 million were spread over 794 export shipments, and others valued at around JD5 million were spread over 425 domestic sales.
