The European Bank for Reconstruction and Development (EBRD) is partnering with Cairo Amman Bank (CAB) to further support small businesses in Jordan, according to a statement released by EBRD.


CAB will receive the equivalent of $20 million in JOD from EBRD for on-lending to micro, small and medium-sized enterprises (MSMEs).

Being the first Jordanian bank to sign a credit line under the EBRD MSMEs Framework, CAB will be able to expand its lending to private MSMEs in Jordan.

CAB General Manager said in the statement that “The partnership with the EBRD will enhance the potential of the MSME sector in Jordan through direct facilities with competitive interest rates and loan-duration structures.”

Photo Credit: Arabianeye-Reuters