The Jordan Loan Guarantee Corporation in its continuous effort of supporting SMEs, signed an agreement with BLOM Bank at the JLGC offices in Amman which emphasized the procedures and conditions involving the guarantee operation including the indemnifications of the default guaranteed loans provided by the bank.
JLGC through it’s Industrial Finance Department (EJADA), aims to provide the necessary guarantees to encourage different financing institutions to provide small and medium enterprises with the necessary funds they need.
Signed the agreement Dr. Adnan Al Aaraj the General Manager of BLOM bank and Mr. M. Said Hammami JLGC’s Managing director.
With this cooperation with BLOM the number of participating banks in this guarantee programme becomes 17 banks.
