Amman, Nov 23 (Petra) — The Jordan Loan Guarantee Corporation (JLGC) provided JD266 million to enterprises and national exports over the first nine months of the year, it said.

The public shareholding company made “solid results” by the end of the third quarter, driven by a growth in the guarantees volume under its main programs: loan and export credit and local sales guarantees, with total revenues soaring 7 percent to JD36.6 million during the first nine months of the year, it said.

The company posted a 24 percent growth in net profits of JD2.6 million after tax in the first nine months of the year, compared to JD2.1 million in the same period of 2023.

It also maintained a strong financial status with an equity of about JD44 million, while total assets were at about JD758 million by the end of September, 2024.

Third quarter results are in line with the company’s strategy of managing guarantee programs and enhancing its role of supporting financial inclusion besides its key role of supporting small- and medium-sized enterprises, entrepreneurial projects and national exports, said Chairman of JLGC Board of Directors Adel Sharkas.

The company keeps up operational performance in line with its role of shoring up sustainable growth in the Kingdom, offering guarantees for about 1221 loans worth JD129 million dinars until the end of the third quarter, JLGC Director General Adnan Naji pointed out.

Naji also said about 1,326 enterprises have benefited from the Micro-Enterprise Guarantee Program since its launch two years ago up until September 30, granting about JD10.4 million.

//Petra//SS

23/11/2024 15:57:52