The Role of Financial Analysis Tools in Granting Loans. Field Study on Banks Operating within Aqaba Special Economic Zone)

Abstract

See, stats, and : https : / / www . researchgate. net / publication / 318609976 The Loans . Field Aqaba Article DOI : 10 . 6007 / IJARAFMS / v7 - i1 / 2541 CITATIONS 0 READS 89 3 , including : Some : The Analytical - 2016 Mousa Al - Balqa ' Applied 9 SEE Ahmad Al - Balqa ' Applied 2 SEE All . The . Abstract This study aimed to demonstrate the role of financial analysis tools in making decisions of granting loans to the clients in Jordanian commercial and Islamic banks operating in Aqaba Special Economic Zone . The study concluded that the bank credit departments at these banks rely on the tools and techniques of financial analysis when receiving customer requests and sorting it for thegrantingofcredit.However,theroleofthebankcreditdepartmentsatthesebanksisnotenabledasrequiredandisdominatedbymarketingnaturemorethancreditstanding,whereitsroleislimitedtopromotingbankingservicesthroughreceivingclientrequests,sortingandsendingthemtomaincentersconcernedwithmakinggrantingloansdecision.ThestudyhasrecommendedthenecessityofactivatingtheroleofthesesectionsaswellasdevelopingthestaffskillsofthosesectionstousefinancialanalysistoolsandgivingcreditdepartmentsatbanksoperatingwithinAqabaSpecialEconomicZonethenecessaryauthoritiestomakedecisionstograntcustomerscreditthroughtheapplicationoffinancialanalysismethods.Moreoveritisnecessarytostimulateandencouragethecreditdepartment'sstaffinthesebanksbygivingthembonusesandrewardingtheirdedicationandtheirhonesty,whichwillenhancethemutualtrustbetweendepartments'staffandthemanagersinthesebanks.