Regulatory Alerts2014-01-01
Circular No. 53: Development of the Credit Information System Version III - Lending - 2014
The Palestine Monetary Authority issued Circular No. 53/2014 mandating all lending institutions operating in Palestine to implement Version III of the Credit Information System by adding specific monthly income, currency, and enterprise asset fields to borrower and SME facility records. Institutions must adopt these modifications for new credit records and submit designated Excel files containing migrated personal and financial data for existing facilities to ensure accurate risk monitoring and credit decision-making. Compliance is required by April 24, 2014, following a scheduled coordination meeting with responsible institutional teams to oversee the development rollout.
Share