Banking Supervision Department

Executive Manager: Husien Kofahy

The Banking Supervision Department's main objective is to verify the soundness of banks' financial positions and monitor them per the enforced laws, regulations, instructions, and established international standards. The department prepares the necessary plans and programs to achieve its tasks. The department mainly performs the following tasks:

Studying banks licensing and branching requests inside and outside the Kingdom and making the necessary recommendations thereon.
Regulating credit, its type, its cost, and credit risks in general and those resulting from credit concentrations for bank customers.
Analyzing and following up banking and financial situations of banks and calculating the supervisory and financial strength ratios according to the enforced laws, regulations, and instructions in force and banking norms.
Monitoring the performance of banks as well as organizing and evaluating their business on a consolidated basis both inside and outside the Kingdom in light of the enforced laws, regulations, and instructions in addition to checking the integrity of their financial positions.
Preparing statistical and analytical studies and reports relating to banks' business and providing such to the relevant parties.
Controlling the information and its accompanying technology in the banks in order to evaluate them and detect the deviations and violations to which banks may be exposed.
Seeking to modernize and develop the control and inspection methods by using developed tools, instruments, and approaches and benefiting from relevant international institutions' experiences in line with international standards.
Studying the related laws, regulations, and instructions and providing the necessary recommendations for updating or amending them.
Managing the systems which are operated in the department and owned by it, and following them up within the instructions in force in this regard.
Calculating, imposing, and following up on any fines required on the banks as a result of violating laws, regulations, instructions, circulars, and any other orders issued by the bank related to the work of the department.
Carryout risks and supervisory controls self-assessment related to the department’s function in coordination with the Risk management and compliance department per the related instructions and the adopted methodologies to determine the levels and methods of processing and managing risks.

E-mail: banksupr@cbj.gov.jo

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Banking Supervision Department

Banking Supervision Department

Executive Manager: Husien Kofahy