Jordan Kuwait Bank (JKB) and Jordan Mortgage Refinance Company L.T.D (JMRC) signed an understanding agreement whereby Jordan Mortgage Refinance Company shall grant JKB a loan of 10 million Jordanian Dinars for a period of seven years, to refinance housing loans granted to the Bank’s customers against real estate guarantees. The agreement was signed by Mr. Haethum Buttikhi – JKB’s Chief Executive Officer and Mr. Abed Al- Razzak Tubaishat – JMRC’s General Manager.   Commenting on this agreement, Mr. Buttikhi said: “This agreement contributes to strengthening the role of the Bank in the housing finance market, by providing more funds for housing loans to citizens at competitive interest rates and repayment periods that commensurate with their abilities.  The agreement also contributes to the alignment of the Bank’s sources of funds with their uses and the efficient management of its assets and requirements.”   Mr. Tubaishat also stated: “Such agreement comes as part of the company’s objective, to activate the housing finance market in the Kingdom, with an aim of enabling banks and financial institutions to increase their contribution to the housing finance market –specifically for middle and lower income people – to help them own a house/property.”   The company also provides the necessary funds to banks and financial institutions, by issuing loans for the domestic capital market, thus contributing to the activation and revitalization of this market in the Kingdom.