Regulatory Alerts2019-01-01
Circular No. 177 Launch of the Inquiry System for Enterprises/Companies Registered with the Ministry of National Economy
The Palestine Monetary Authority issued Circular No. 177/2019 to launch the "Inquiry System for Enterprises/Companies Registered with the Ministry of National Economy," which integrates SME registration data into the Credit Information Bureau database to streamline credit decision-making. The circular mandates all operating banks to grant the new inquiry permission to designated users under existing user rights circulars and to distribute the attached system usage guidelines to authorized personnel. This initiative aims to enhance risk monitoring, facilitate SME access to financing, and ensure financial institutions utilize updated, authoritative enterprise data for lending and leasing decisions.
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