Housing Bank Signs $75 Million Credit Facility Agreement with EBRD to Support MSMEs in Jordan
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•The agreement with the European Bank for Reconstruction and Development (EBRD) provides Housing Bank with a $75 million credit facility to support its lending to micro, small, and medium-sized enterprises (MSMEs) outside of Amman.اضافة اعلان
•This partnership aligns with the Central Bank of Jordan’s (CBJ) policies and initiatives aimed at promoting financial inclusion and improving access to finance.
Housing Bank signed a $75 million credit financing agreement with the European Bank for Reconstruction and Development (EBRD) aimed at strengthening lending to micro, small, and medium-sized enterprises (MSMEs), particularly in underprivileged areas outside the capital, Amman. This agreement is expected to drive growth and sustainability for these businesses, contributing to economic diversification and stimulating local economies.
The agreement was signed by Housing Bank CEO, Ammar Al-Safadi, and EBRD Vice President for Banking, Matteo Patrone,
, at Housing Bank’s headquarters, with officials from both institutions in attendance.
This partnership marks the third collaboration between Housing Bank and EBRD, reflecting Housing Bank’s continued efforts to promote financial inclusion in line with global trends and the Central Bank of Jordan’s (CBJ) vision for sustainable economic growth, access to financing remains a key challenge to realizing this vision. This agreement aims to address this obstacle by providing vital financial support to these businesses.
Commenting on the agreement, Ammar Al-Safadi said, “Through this financing, we aim to expand our ability to offer flexible and competitive solutions that support entrepreneurs across Jordan. This will help them grow their businesses, enhance innovation, and improve their competitiveness.”
Furthermore, Al-Safadi emphasized that this agreement is vital for Housing Bank, as it demonstrates a successful partnership between local and international financial institutions to foster a supportive business environment and stimulate investment. Additionally, the agreement will allow Housing Bank to expand its lending portfolio to MSMEs, enhancing its client base, improving the quality of its financing portfolio, and increasing liquidity—all of which reinforce its position as a leading financial institution in supporting development.
Mr Patrone, said: “We are very pleased to have signed this facility, which further deepens our partnership with HBTF, a leading financial institution in Jordan. This third engagement reflects our shared commitment to supporting MSMEs and driving economic growth. Together, we are creating more opportunities for businesses to thrive and contributing to a stronger and more resilient economy.”
Notably, in 2023, EBRD provided a $15 million loan to Housing Bank, co-financed with the Green Climate Fund (GCF), under the Green Economy Financing Facility (GEFF) to support green investments in Jordan. In 2021, EBRD extended up to $50 million to boost export and import activities.
•This partnership aligns with the Central Bank of Jordan’s (CBJ) policies and initiatives aimed at promoting financial inclusion and improving access to finance.
Housing Bank signed a $75 million credit financing agreement with the European Bank for Reconstruction and Development (EBRD) aimed at strengthening lending to micro, small, and medium-sized enterprises (MSMEs), particularly in underprivileged areas outside the capital, Amman. This agreement is expected to drive growth and sustainability for these businesses, contributing to economic diversification and stimulating local economies.
The agreement was signed by Housing Bank CEO, Ammar Al-Safadi, and EBRD Vice President for Banking, Matteo Patrone,
, at Housing Bank’s headquarters, with officials from both institutions in attendance.
This partnership marks the third collaboration between Housing Bank and EBRD, reflecting Housing Bank’s continued efforts to promote financial inclusion in line with global trends and the Central Bank of Jordan’s (CBJ) vision for sustainable economic growth, access to financing remains a key challenge to realizing this vision. This agreement aims to address this obstacle by providing vital financial support to these businesses.
Commenting on the agreement, Ammar Al-Safadi said, “Through this financing, we aim to expand our ability to offer flexible and competitive solutions that support entrepreneurs across Jordan. This will help them grow their businesses, enhance innovation, and improve their competitiveness.”
Furthermore, Al-Safadi emphasized that this agreement is vital for Housing Bank, as it demonstrates a successful partnership between local and international financial institutions to foster a supportive business environment and stimulate investment. Additionally, the agreement will allow Housing Bank to expand its lending portfolio to MSMEs, enhancing its client base, improving the quality of its financing portfolio, and increasing liquidity—all of which reinforce its position as a leading financial institution in supporting development.
Mr Patrone, said: “We are very pleased to have signed this facility, which further deepens our partnership with HBTF, a leading financial institution in Jordan. This third engagement reflects our shared commitment to supporting MSMEs and driving economic growth. Together, we are creating more opportunities for businesses to thrive and contributing to a stronger and more resilient economy.”
Notably, in 2023, EBRD provided a $15 million loan to Housing Bank, co-financed with the Green Climate Fund (GCF), under the Green Economy Financing Facility (GEFF) to support green investments in Jordan. In 2021, EBRD extended up to $50 million to boost export and import activities.
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