Capital Bank eases credit to ICT sector

AMMAN – Capital Bank and the ICT Association of Jordan (int@j) have signed an agreement to facilitate lending to ICT companies in the Kingdom, a statement issued by Capital Bank said Monday.

The agreement, which Capital Bank said is the first of its kind in Jordan, came after the Central Bank of Jordan issued instructions to expand medium-term financing to key economic sectors, including the ICT.

The agreement was signed by Capital Bank general manager Haytham Kamhiyah and inta@j CEO Khaled Hudhud.

Kamhiyah said credit facilities to be extended by the bank to the ICT sector and other fields such as industry, renewable energy, tourism and agriculture will be guaranteed by local agencies including the Jordan Loan Guarantee Corporation and the US Overseas Private Investment Corporation.