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Bank Al Etihad, Jordan Loan Guarantee Corp. ink MOU

Bank Al Etihad, Jordan Loan Guarantee Corp. ink MOU
Jordan Loan Guarantee
JLGC
0.00% 1.00 0.00
Bank Al Etihad
UBSI
-0.53% 1.88 -0.01
Bank Al Etihad signed a Memorandum of Understanding (MOU) with Jordan Loan Guarantee Corporation. The bank says that this agreement aims at widening the banking work range of the bank as well as increasing finances to the biggest possible number of customers and activating its role in financing SMEs.

Loans included within this agreement are loans of financing projects and industrial services, including craftsmen projects, internal trade projects and other projects related to doctors, engineers, lawyers consultants, renewable energy projects and SMEs. The repayment period is up to 5 years and the grace period of up to 6 months, so that the grace period is calculated within the term of the loan.