Housing Bank has signed a cooperation agreement with the Jordan Loan Guarantee Corporation to join the “Guarantee for Employment” program. Through this strategic partnership, the bank will offer more flexible and comprehensive financing solutions to small and medium-sized enterprises (SMEs), supporting business growth, enhancing competitiveness, and contributing to economic development.

Commenting on the agreement, Ammar Al-Safadi, Chief Executive Officer of Housing Bank, said the bank's participation reflects its continued commitment to supporting SMEs, which serve as a key driver of Jordan's economy. He noted that the partnership will help address the financing challenges faced by these businesses, enabling them to expand, innovate, and create sustainable employment opportunities.

Adnan Naji, General Manager of the Jordan Loan Guarantee Corporation, said the Guarantee for Employment program adopts a development-focused approach by linking financing directly to job creation and measurable economic impact. He explained that the initiative is designed to help micro, small, and medium-sized enterprises access the financing they need to grow while generating new employment opportunities for Jordanians.

Naji added that the program also promotes greater financial inclusion by expanding access to financing for a wider range of businesses while reducing credit risks for banks and financial institutions. This, in turn, encourages increased lending to productive sectors and supports sustainable economic growth across the Kingdom.

It is worth noting that the Guarantee for Employment program is implemented by the Jordan Loan Guarantee Corporation with funding from the German government through the KfW Development Bank. It aims to encourage the banking sector to strengthen the contribution of SMEs to sustainable development while creating quality employment opportunities across all governorates of Jordan.