Forecast: Number of Commercial Bank Branches in Jordan

The number of commercial bank branches in Jordan per hundred thousand adults has been on a gradual decline since 2013. The actual data from 2013 to 2023 show a consistent downtrend, with a year-on-year decrease observed throughout most years. By 2023, the value stood at 13.54 establishments per hundred thousand adults. The year-on-year variation from 2021 to 2023 highlights a diminishing rate of decline, at -1.15% in 2022 and -1.24% in 2023. Despite a minor increase in 2018, the overall trend has been negative over the past decade.

When examining the future forecasts from 2024 to 2028, the rate of decline becomes even more pronounced, with an expected drop to 12.82 establishments per hundred thousand adults by 2028. The average annual variation (CAGR) over the forecasted five years is projected to be -0.87%, suggesting a continued but slowing decrease.

Future Trends to Watch For:

• The evolving impact of digital banking innovations and technology adoption in reducing the reliance on physical branches.
• Regulatory and economic factors influencing the banking sector’s decisions to open or close branches.
• Consumer preferences leaning towards online banking solutions over traditional branch visits.