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JLGC Offered Jd257mln In Loan Guarantees For Smes During 2024
(MENAFN- Jordan News Agency)
Amman, February 15 (Petra) - The Jordan Loan Guarantee Corporation (JLGC) secured guarantees to about 1,855 small and midsize enterprises (SMEs) during the past year, under various loan guarantee programs, with a total value of about JD257 million, including 231 startups, worth JD22.7 million.
According to the JLGC's data, a total of number of beneficiary 534 projects received guarantees within the Micro-Enterprise Support Program, with a value of nearly JD 4.7 million.
As for its continued support to Export Credit and Domestic Sales Guarantee Program, JLGC granted guarantees to 4,829 export shipments and local sales with a total value of about JD 187 million during 2024, distributed across several sectors, mainly food and chemicals.
The corporation's figures indicate that sales of Jordanian companies participating in the program were directed to over 372 buyers in 40 countries, mainly Saudi Arabia, Switzerland, Kuwait and Malaysia.
During 2024, the corporation "successfully" signed 47 new policies with industrial companies within the previous program.
In this context, JLGC also renewed support for 42 Jordanian industrial exporting companies to benefit from Support for Industry Development Fund, with an annual ceiling of up to JD35,000 for each company, used to cover insurance costs in guarantee fees and inquiries about external buyers.
Also during the same year, the Corporation achieved growth in its total revenues to reach JD49.1 million, increasing by 6%, compared to JD46.4 million during 2023.
Additionally, the corporation achieved growth in profits in 2024, reaching pre-tax JD2.3 million, compared to JD2.2 million in 2023.
As for the total shareholders' equity, it increased from JD41.3 million in 2023 to JD43 million in 2024, while the JLGC's assets amounted to JD768 million in 2024, compared to JD740 million in 2023.
Under its recommendations, the Board of Directors advised to refrain from distributing profits to continue strengthening the corporation's capital base.
Amman, February 15 (Petra) - The Jordan Loan Guarantee Corporation (JLGC) secured guarantees to about 1,855 small and midsize enterprises (SMEs) during the past year, under various loan guarantee programs, with a total value of about JD257 million, including 231 startups, worth JD22.7 million.
According to the JLGC's data, a total of number of beneficiary 534 projects received guarantees within the Micro-Enterprise Support Program, with a value of nearly JD 4.7 million.
As for its continued support to Export Credit and Domestic Sales Guarantee Program, JLGC granted guarantees to 4,829 export shipments and local sales with a total value of about JD 187 million during 2024, distributed across several sectors, mainly food and chemicals.
The corporation's figures indicate that sales of Jordanian companies participating in the program were directed to over 372 buyers in 40 countries, mainly Saudi Arabia, Switzerland, Kuwait and Malaysia.
During 2024, the corporation "successfully" signed 47 new policies with industrial companies within the previous program.
In this context, JLGC also renewed support for 42 Jordanian industrial exporting companies to benefit from Support for Industry Development Fund, with an annual ceiling of up to JD35,000 for each company, used to cover insurance costs in guarantee fees and inquiries about external buyers.
Also during the same year, the Corporation achieved growth in its total revenues to reach JD49.1 million, increasing by 6%, compared to JD46.4 million during 2023.
Additionally, the corporation achieved growth in profits in 2024, reaching pre-tax JD2.3 million, compared to JD2.2 million in 2023.
As for the total shareholders' equity, it increased from JD41.3 million in 2023 to JD43 million in 2024, while the JLGC's assets amounted to JD768 million in 2024, compared to JD740 million in 2023.
Under its recommendations, the Board of Directors advised to refrain from distributing profits to continue strengthening the corporation's capital base.
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