Central bank of Jordan, PMA sign bank control deal

The Central Bank of Jordan (CBJ) on Saturday signed an agreement with the Palestine Monetary Authority (PMA) in the field of control of banking institutions in the two countries.
CBJ Governor Ziad Fareez, who signed the deal with PMA governor, Jihad Al Wazir, said it was designed to forge closer cooperation in banking controls in line with the decisions of the Basel Committee on Banking Supervision to ensure safe and solid banking institutions.
He said eight Jordanian banks are operating in Palestine through 86 branches and 18 offices with total assets of JD4.4 billion, amounting to 53 percent of total bank assets in Palestine.