From Globalarabnetwork.com: Jordan’s banking sector fared well during the recession of the last two years due to tight central regulation and an overall cautionary outlook , resulting in healthy deposit and profit levels that are attracting increased interest from overseas lenders, reports Global Arab Network according OBG.
As the global financial crisis was felt across the region in late 2008, the Jordanian government announced it would guarantee all deposits until the end of 2009, a pledge it later extended until the end of 2010……………………………………….Full Article: Source