Regulatory Alerts2013-01-01
Circular No. 16: Facilities Granted to Public Sector Employees
The Palestine Monetary Authority mandates all banks operating in Palestine to submit quarterly reports on public sector employee lending facilities within the first five working days of each reporting period. This requirement, issued under Circular No. (2013/16) and supplementing Circular No. (2012/88), specifies reporting categories including housing loans, mortgages, credit cards, auto loans, overdrafts, demand deposits, Murabaha, and other facility types. Banks must report the outstanding balances for each category valued in US dollars to ensure regulatory compliance and accurate monitoring of public sector credit exposure.
Palestine Monetary Authority
Circular No. (2013/16)
To all banks operating in Palestine
Date: Sunday, 03 February 2013
Subject: Facilities Granted to Public Sector Employees
With reference to the above subject, and in continuation of our Circular No. (2012/88) dated 10/06/2012, please comply with providing us with data on public sector employee facilities on a quarterly basis within the first five working days from the beginning of the period, according to the table below:
| No. | Type of Facility / Purpose of Grant | Outstanding Balance Valued in USD |
|---|---|---|
| 1 | Personal loans for housing purposes | |
| 2 | Mortgage loans / Lease-to-own | |
| 3 | Credit cards (Limit + Outstanding) | |
| 4 | Auto loans | |
| 5 | Overdraft and advances (Limit + Outstanding) | |
| 6 | Demand deposits | |
| 7 | Murabaha | |
| 8 | Others (specify purpose of grant) |
Public Relations and Market Structures Department
Palestine Monetary Authority
Ramallah - Al Bireh P.O. Box: 452 - Tel.: 02-2409920 - Fax: 02-2409922
Gaza P.O. Box: 4026 - Tel.: 08-2825713 - Fax: 08-2844487
E-mail: info@pma.ps
Ramallah - Al Bireh P.O. Box: 452 - Tel.: 02-2409920 - Fax: 02-2409922
Gaza P.O. Box: 4026 - Tel.: 08-2825713 - Fax: 08-2844487
www.pma.ps