Banking

About Us

The Association of Banks in Jordan (ABJ) was established in 1978 and became an institution under the provisions of Banking Law No. (28) issued in 2000. With 20 member banks, membership in the association is mandatory for all banks in the banking sector.

Our vision is to uphold our pioneering role as one of the most proficient banking associations in the region by providing services to member banks to support and enable them to maximize their contributions to achieving sustainable development in the Kingdom.

The Association of Banks in Jordan is considered a fundamental pillar in the banking sector in Jordan, aiming to elevate and advance banking operations, nurture the interests of member banks, enhance cooperation among its members and other stakeholders, and achieve the highest levels of coordination among them.

The association diligently strives to develop and improve banking service delivery methods in accordance with the highest standards of quality and efficiency.

Additionally, it aims to effectively influence the regulatory landscape governing banking operations in Jordan, enhance transparency and trust in the banking sector, achieve financial stability, and solidify banking practices and norms, following unified systems and procedures for this purpose, and reinforcing the role of banks as a key driver of economic development in Jordan.

ABJ is a proud member of the Union of Arab Banks, the United Nations Environment Programme Finance Initiative (UNEP FI), and the Sustainable Banking and Finance Network (SBFN).

Mission

To maintain our pioneering role as one of the most efficient associations of banks in the region by providing services to member banks so as to boost their capabilities and enable them to maximize their contributions to achieving sustainable development in the kingdom.

Vision

We seek to upgrade and advance the banking business by safeguarding the interests of member banks, and to achieve the highest levels of coordination among them and with the other partners as well.

We aspire to develop and upgrade the process of delivering banking services and enhance the concepts and norms of banking business, in addition to following unified systems and measures for this purpose.

Our Objectives

The association seeks to upgrade and advance the banking business through the following:

• Looking after the interests of members and coordinating between them in order to achieve their common benefit.

• Improving and modernizing the methods of delivering banking services.

• Deepening the understanding of banking business and its norms as well as following unified regulations and procedures for this purpose.

Taking into consideration the legislative provisions in effect,the association shall be in charge to perform the following tasks and duties in order to achieve its objectives:

• Providing consultancy services to members in the area of their business.

• Discussing the members' common issues related to various activities and finding suitable solutions to problems facing them.

• Cooperating with the central bank in order to attain its monetary policy and exchanging views on various banking issues.

• Exchanging banking knowledge and passing on available information to members.

• Reaching collective agreements between members to standardize whenever possible and after obtaining the approval of the central bank,the conditions of bank dealings.

• Holding educational seminars and lectures as well as training courses about banking and economic issues.

• Cooperating with public and private sector institutions that relate to the objectives of the association.

• Endeavoring to standardize banking terminology, forms and procedures whenever possible.

• Issuing periodic pamphlets and publications that deal with various aspects of banking activities.

• Collecting data ,documents and statistics related to the banking business as will as furnishing members with studies and researches in this regard.

• Providing proposals for upgrading banking and economic legislation's in cooperation with the central bank.

• Establishing cooperation ties between the association and Arab and international banking associations.

• Issuing a banking code of conduct.

• Setting up a banking arbitration center.