AMMAN, JORDAN (26 JANUARY 2026) –The Association of Banks in Jordan (ABJ) and BAFT (Bankers Association for Finance and Trade) have signed a Memorandum of Understanding (MoU) establishing a general framework for cooperation aimed at supporting the development of the banking and financial services sector.
The MoU establishes a general framework for cooperation between the two organizations, reflecting a shared commitment to strengthening collaboration in areas of mutual interest and supporting the development of the banking and financial services sector. The MoU aims to create opportunities for knowledge exchange, capacity building, and engagement between the Jordanian banking sector and the international banking community.
Under the MoU, ABJ and BAFT intend to explore avenues of collaboration related to professional development, industry education, policy dialogue, and participation in regional and international banking initiatives and events. The partnership also emphasizes cooperation based on mutual understanding, good faith, and shared objectives.
The MoU serves as an initial step toward potential future collaboration between ABJ and BAFT, with the ultimate goal of contributing to the advancement of best practices and professional standards in the banking sector.
Commenting on the signing, Dr. Maher Mahrouq, Director General of the Association of Banks in Jordan, emphasized that the MoU aligns with ABJ’s role as the voice of the banking sector in Jordan, noting that the partnership will contribute to capacity building, international exposure, and the advancement of professional standards within the Jordanian banking community.
Tod Burwell, President & CEO, BAFT, expressed his enthusiasm for the partnership, stating: “We are very pleased to formalize this Memorandum of Understanding with the Association of Banks in Jordan. This agreement represents an important step toward strengthening collaboration with the Jordanian banking community and advancing our shared commitment to knowledge exchange, professional development, and the promotion of best practices. It strongly aligns with BAFT’s mission to build a global community of banking and financial services professionals.”
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About BAFT
BAFT is the leading global industry association for international transaction banking. Bringing together financial institutions, service providers, and the regulatory community, BAFT provides thought leadership, advocacy, education, and a platform for collaboration to promote sound financial practices that foster innovation, efficiency, and commercial growth. The association engages in a broad range of issues affecting transaction banking, including trade finance, payments, and compliance, helping members navigate a rapidly evolving global landscape. For more information about BAFT, visit baft.org, or follow BAFT on X (Formally Twitter), LinkedIn, and YouTube.