Jordan Banking & Financial Services Q2 2018
Jordan has a robust and mature banking and financial sector. Despite facing considerable instability and volatility in theregion, it has remained resilient. Total assets grew by 2.6% in 2016 equating to 172.6% of GDP, making it one of the largesteconomic sectors in the country. We expect this trend to continue over the next five years with total assets growing by an average of3.5% per annum. That said, we believe the government's austerity measures will limit opportunities in the public sector for theforeseeable future leaving banks highly reliant on the private sector for borrowing and saving opportunities.
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