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Wednesday 10 July 2019

Housing Bank Main Sponsor of the Aqaba Soft Financing Programs and Guarantees Conference


As part of its ongoing strategy to continuously reinforce its pioneering role in the Jordanian banking market, the Housing Bank, which has the largest and most extensive banking network in the Kingdom, sponsored the Soft Financing Programs and Guarantees for Small and Medium Enterprises (SMEs) conference in Aqaba. The conference,  was took place on July 4, 2019,  under the patronage of the director of the Aqaba Special Economic Zone Authority, is in line with the bank's strategy to implement policies that further the concept of financial inclusion for all individuals and economic sectors.

 At the conference, startups and existing SMEs in Aqaba that operate within the industrial, tourism, health, agriculture, transport, and renewal energy and information technology sectors were debated, as well as ways for them to benefit from financing programs, loans and credit facilities. This backing, with guarantees provided by the Central Bank of Jordan in cooperation with the Jordan Loan Guarantee Corporation and Jordanian commercial and Islamic banks, contributes to motivating growth, increasing employment opportunities and reinforcing economic development.

 During the conference, Housing Bank team members were on hand to highlight the bank's bespoke SME financing services and products, as well as the settlement mechanisms and interest rates that are compatible with their needs and that contribute to the growth and development of these projects.

 The Housing Bank's sponsorship of the conference is part of its strategy to reinforce cooperation with all the country's economic and business sectors, with a special focus on SMEs, due to their significant role in the national economy and the achievement of sustainable economic development.

 Over the past several years, the Housing Bank has created in-house departments specifically focused on banking services and solutions for SMEs. The bank has also adopted a number of financing programs, which have been launched by the Central Bank of Jordan in cooperation with international and Arab financing institutions, in addition to a number of flexible policies that fulfil the needs and requirements of these enterprises.

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