Amman: The Jordan Loan Guarantee Corporation (JLGC) achieved an 8 percent increase in its revenues during the first half of this year, compared to the same period in 2023. Revenues reached JD24.298 million, up from JD22.598 million in 2023.
According to a statement released by the company on Sunday, total equity reached JD43.047 million during the first half of 2024, while assets amounted to approximately JD750.200 million. Guarantees were provided for about 815 loans worth JD87.2 million.
The statement added, “The number of existing guaranteed loans at the end of last June reached 7,409 loans worth about JD377 million, while guarantees were granted to about 95 emerging projects worth JD7.338 million until the end of June.”
The company also provided guarantees for micro-projects, benefiting approximately 1,189 companies under a program established two years ago, with the value of financing granted amounting to JD9.175 million. Additionally, within the export credit guarantee program and local sales, guaran
tees were granted for approximately 2,612 export shipments and local sales, with a guaranteed value of JD91.517 million until the end of June. This included 2,012 export shipments and 600 local sales shipments.
The JLGC attracted 21 new industrial companies from various sectors, bringing the number of existing and signed policies to 90 by the end of the first half of 2024. The company’s export and local sales are directed to more than 649 buyers in various countries around the world.
Adnan Naji, the company’s general manager, said that these achievements add to the company’s record of accomplishments, coinciding with the 30th anniversary of its establishment. He emphasized the company’s significant role in supporting the national economy and enhancing its presence in the Jordanian banking market.
Naji stated that the company continues to provide its services in accordance with the best global practices and keeps pace with the latest developments in the banking industry and modern technology. This approach
ensures the provision of the best guarantee programs through the most effective means, maintaining the company’s advanced position in the Jordanian banking market.
He added that the JLGC places special importance on social responsibility, similar to other national institutions. During the first half of this year, the company conducted several activities benefiting different segments of society and continues to expand these efforts.
Source: Jordan News Agency