The Association of Banks in Jordan (ABJ) was established in 1978 and became an institution under the provisions of Banking Law No. (28) issued in 2000. With 20 member banks, membership in the association is mandatory for all banks in the banking sector. The Association of Banks in Jordan is considered a fundamental pillar in the banking sector in Jordan, aiming to elevate and advance banking operations, nurture the interests of member banks, enhance cooperation among its members and other stakeholders, and achieve the highest levels of coordination among them. The association diligently strives to develop and improve banking service delivery methods in accordance with the highest standards of quality and efficiency. ABJ is a proud member of the Union of Arab Banks, the United Nations Environment Programme Finance Initiative (UNEP FI), and the Sustainable Banking and Finance Network (SBFN).
Vision: To maintain our pioneering role as one of the most efficient associations of banks in the region by providing services to member banks so as to boost their capabilities and enable them to maximize their contributions to achieving sustainable development in the Kingdom.
Mission: Our mission is to upgrade and advance the banking business by safeguarding the interests of member banks, and to achieve the highest levels of coordination among them and with the other partners as well. We aspire to develop and upgrade the process of delivering banking services and to enhance the concepts and norms of banking business, in addition to following unified systems and measures for this purpose.
Values: Our values include Teamwork, Development and Modernity, Creativity and Excellence, Integrity and Transparency, Professionalism, Credibility, Continued Learning and Training.
Objectives: ABJ seeks to upgrade and advance the banking business by:
• Looking after the interests of members and coordinating between them in order to achieve their common benefit.
• Improving and modernizing the methods of delivering banking services.
• Deepening the understanding of banking business and its norms as well as following unified regulations and procedures for this purpose.
Taking into consideration the legislative provisions in effect, the association shall be in charge to perform the following tasks and duties in order to achieve its objectives:
• Providing consultancy services and addressing common issues facing members.
• Cooperating with the Central Bank in order to attain its monetary policy and exchanging views on various banking issues.
• Exchanging banking knowledge and passing on available information to members.
• Reaching collective agreements between members to standardize whenever possible and, after obtaining the approval of the Central Bank, the conditions of bank dealings.
• Holding educational seminars and lectures, as well as training courses about banking and economic issues.
• Providing suggestions for member banks to enhance their social responsibility role and to achieve sustainable development.
• Raising awareness among different society groups and spreading banking and financial literacy.
• Enhancing members' roles in economic development.
• Cooperating with public and private sector institutions that relate to the objectives of the association.
• Endeavoring to standardize banking terminology, forms and procedures whenever possible.
• Issuing periodic pamphlets and publications that deal with various aspects of banking activities.
• Issuing informative publications and research.
• Proposing legislative upgrades in cooperation with the Central Bank.
• Establishing cooperation ties with regional and international banking associations.
• Issuing a banking code of conduct and setting up a banking arbitration center.