31.08.2009 - Arab Bank lowers interest rates on housing loans
As part of Arab Bank’s continued efforts to provide housing loans to its customers at reduced cost that meets their needs during the current economic climate, the Bank decided to lower the lending interest rate by 0.5% to 8.25% for customers who take out a housing loan starting September 1, 2009. Arab Bank’s Chairman and CEO, Abdel Hamid Shoman, said “This step is part of the Bank’s constant efforts to ease lending terms and to lower the cost of obtaining housing loans in order to meet the current economic conditions in general and the Jordanian real estate market situation in specific.”.............Full Press Release: Source