The annual report issued by the Deposit Insurance Corporation showed that the deposits of depositors with the banking system in the Jordanian dinar have reached 76.7 percent, of which the percentage of deposits subject to the provisions of the institution’s law constitutes 96.8 percent. While the percentage of depositors with the banking system whose deposits are fully guaranteed within the guarantee ceiling of fifty thousand dinars constituted 97.6 percent of the total number of depositors with the banking system whose deposits are subject to the provisions of the law.
According to the report, the assets of the Deposit Insurance Corporation increased by 79.1 million dinars from its level in 2019, where those assets amounted to 932.1 million dinars, and the Corporation’s investment portfolio in public debt instruments constituted about 98.2% of them, achieving returns of 45.3 million dinars and a growth of 5.7% about the past year. The report also showed the financial solvency of the institution through reserve adequacy indicators, which amounted to 928.9 million dinars at the end of the year 2020, covering 11.52 percent of the guarantee policy. While the financial statements and the final accounts of the Deposit Guarantee Fund with Islamic banks at the end of the year 2020, showed that the reserves had reached 25.8 million dinars.
Source (Al-Dustour Jordanian Newspaper, Edited)
