Jordan Loan Guarantee Corp. signed an agreement with Capital Bank of Jordan to guarantee the risks of financing SMEs loans granted by Capital Bank. Through this agreement, JLGC aims to expand its services and to enable SMEs to access the necessary financing they may require.

Noted that the company provided guarantees for 833 SME loans during 2012 with a guaranteed value of JOD 17.6 million, in comparison with 516 loans with a guaranteed value of JOD 12 million in 2011. JLGC expects that the guaranteed value of loans granted to SMEs during this year will reach JOD 25 million due to the increasing demand of SME owners and to the expected support by local banks.