Amman: Governor of the Central Bank of Jordan Adel Sharkas announced the successful implementation of projects under the first executive program (2023-2025) of the Economic Modernization Vision, emphasizing the strength of monetary and financial policy in fostering economic stability and growth.
According to Jordan News Agency, while speaking at the 2026 Banking Summit organized by the Association of Banks, Sharkas highlighted the Central Bank's commitment to advancing digital transformation, cybersecurity, green finance, artificial intelligence, financial innovation, and future skills development, in alignment with the second executive program (2026-2029). The summit gathered senior banking and financial sector leaders, along with local and international experts, under the theme "Shaping the Future of Financial Innovation."
Sharkas addressed the complex global economic conditions of 2025, including changes in trade policies and increased geopolitical uncertainty. He emphasized the need for vigilance, flexibility, and policy coordination to enhance resilience and sustain development amid these challenges.
Highlighting the Jordanian economy's resilience in 2025, Sharkas noted a growth rate of 2.7 percent in the first quarter and 2.8 percent in both the second and third quarters, following 2.6 percent growth in 2024. He attributed this performance to comprehensive government reforms and positive indicators in the external sector.
Monetary policy objectives were met, maintaining stability and supporting balanced growth. Foreign reserves rose to $28.5 billion, covering over 10 months of imports, while the dollarization rate decreased to 17.6 percent by the end of 2025. Inflation remained below 2 percent, aligning with Central Bank estimates and preserving purchasing power.
Sharkas praised the banking sector's adherence to sound governance and risk management, maintaining profitability and stability despite geopolitical and market challenges. Bank assets grew by 6 percent to JD74.1 billion, deposits increased by 7.1 percent to JD50 billion, and credit facilities expanded by 3.7 percent to JD36.1 billion.
Digital banking progress was notable, with 84 percent of services conducted electronically, supported by Central Bank infrastructure. The value of transactions through national payment systems surpassed JD42 billion in 2025. The Central Bank introduced a regulatory framework for artificial intelligence in banking last July.
Association of Banks Chairperson Basem Salem noted the summit's timing amid global risks and slower growth in major economies, highlighting discussions on digital transformation, artificial intelligence, and sustainable finance. He emphasized the banking sector's central role in financing productive sectors, supporting SMEs, and promoting financial inclusion.
Salem cited strong regulatory frameworks, adequate capitalization, and robust risk management as factors affirming the Jordanian banking system's strength and stability in international reports and credit ratings.
The summit featured panel discussions on global and regional economic prospects, implications for national economies, and the banking sector's trajectory amid digital transformation. Participants explored global economic outlooks and the future of banking with emerging technologies.