Cairo Amman Bank Flash Comment: JD Deposits At Banks Up By 73 Million JD In July 2014, Weighted Average Interest Rate Drops 16 Basis Points

• In July of this year, JD deposits increased by 73 million JD to reach a total of 23.11 billion JD at licensed banks
• The increase in JD deposits in July is significantly lower than the monthly average increase of 340 million JD registered during the first half of the year
• Meanwhile, the weighted average interest rate on JD term deposits dropped by 16 basis points in July of this year to reach 4.44%
• On the other hand, foreign currency deposits grew for the second consecutive month, up by approximately $59 million over the same time period, reversing a downward trend that was evident since the beginning of 2014

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