Thursday 09, July 2009 by

S&P: The tough economy is likely to hurt Jordanian bank asset quality

"Economic difficulties and the country's dependence on some cyclical sectors—such as export-oriented industries, real estate, and tourism – are, in our opinion, likely to hurt banks' asset quality because of the system's high exposure to these sectors," said Standard & Poor's Credit Analyst Mohamed Damak. "The medium-term outlook for Jordan's economy remains in our view good, however."

Features & Analyses

Islamic Finance The path forward

After years of milestones, Islamic finance in Dubai and beyond still has work to do, writes Abdulla Mohammed Al Awar, CEO of DIEDC read more