JLGC increased its capital into JD 30 Million and provided guarantees for 872 loans for SMEs with a loaned value of JD 41 million

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10/02/2016

Jordan Loan Guarantee Corporation provided guarantees for 872 loans for SMEs with a loaned value of JD 41 million during 2015 and also signed export credit insurance covering 1083 shipments valued at JD 54 million, within the export credit insurance program.

JLGC Board of Directors approved the capital increase and will discuss this important step during the general assembly meeting. CBJ will participate in the capital increase along with the operating banks in the kingdom for the great believe in the company fundamental role and programs in the current economic phase.

In terms of the financial performance, the financial statements showed that the Corporation achieved total revenues of JD 1,713 million during 2015 compared with JD 1,755 million in 2014. Gross Operational revenues went up by 11% to reach JD 970 million during the year. The Corporation also registered a net profit of JD 597 thousand, compared with a net profit of JD 420 thousand in 2014. The balance sheet showed shareholders' equity at JD14,7 million compared to JD 14,5 million by the end of  2014 and total assets at JD 26,028  million by the end of 2015 compared with JD 25,947  million a year earlier.