Regulatory Alerts2017-01-01
Circular No. 210 Disclosure of Goood Leasing Finance Company Data in the Credit Report
The Palestine Monetary Authority issued Circular No. 210 to mandate the inclusion of Goood Leasing Finance Company data in the national credit information system. Effective October 4, 2017, all banks and lending institutions must report and exchange borrower data for this entity using the assigned code LEASF98. This integration aims to mitigate credit and operational risks across the banking sector by expanding the centralized credit reporting framework to cover leasing finance facilities.
Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY
Circular No. (2017/210)
To all banks operating in Palestine
Date: Tuesday, October 03, 2017
Subject: Disclosure of Goood Leasing Finance Company Data in the Credit Report
Pursuant to the credit information system database, with the aim of mitigating credit and operational risks in the portfolio of facilities provided by the banking sector and lending institutions, please be informed that the disclosure of Goood Leasing Finance Company data on the credit information system will commence effective October 04, 2017. A dedicated code (LEASF98) has been assigned to the company for reporting and exchanging data regarding its borrowers.
Market Control Department
Palestine Monetary Authority
Ramallah - Palestine P.O. Box 452 | Tel: +970 2 2415250 | Fax: +970 2 2415310 | Phone: +970 2 2415250 | Fax: +970 2 2415310 | Ramallah - Palestine P.O. Box 452
Gaza - Palestine P.O. Box 4026 | Tel: +970 8 2825292 | Fax: +970 8 2844487 | Phone: +970 8 2825292 | Fax: +970 8 2844487 | Gaza - Palestine P.O. Box 4026
Email: info@pma.ps | Email: info@pma.ps
www.pma.ps