The Housing Bank, the largest and most widespread bank in Jordan, has provided its gold sponsorship for the Financial Stability Forum, organized by the Union of Arab Banks in cooperation with the Association of Banks in Jordan, on 22 and 23 July 2019 at the Intercontinental Amman Hotel.
The Forum was launched by the Deputy Governor of the Central Bank of Jordan, Dr. Adel Sharkas, with the presence of the heads and managers of Jordanian and Arab banks, the heads and managers of insurance and financial leasing companies, and a number of heads and employees of Arab central banks.
This sponsorship by the Housing Bank, which is considered one of the main pillars of the national economy, is in line with its belief in the importance of financial stability for policy makers, as well as the importance of strengthening the financial sector's contribution to promote economic growth, create jobs, and achieve sustainable and comprehensive development in Jordan.
The Housing Bank's management affirmed their keenness to support various conferences and forums aimed at developing the banking sector, as well as support the efforts and policies of the Central Bank of Jordan in enhancing the safety and robustness of the banking sector and making it able to withstand shocks and high risks by maintaining high levels of capital, and comfortable levels of liquidity and profitability.
Participants at the two-day event discussed recent amendments to international and regional initiatives in light of the financial and global crises and their implications, as well as the strategies and tools that directly or indirectly contribute to and enhance financial stability, in addition to the impact of sound governance and risk management on enhancing financial stability. Discussions included the role of financial markets and institutions in supporting stability and economic growth, the impact of sovereign wealth funds and hedge funds on regional development and the Arab financial system, strategies for strengthening financial inclusion and supporting SMEs to achieve financial stability, and the role of central banks and macro-prudential supervision in achieving and enhancing financial stability.
At the end of the forum, the Housing Bank was presented with a Shield of Honor for its role as Gold sponsor of the Financial Stability Forum.