Regulatory Alerts2011-01-01
Circular No. 187: Data on Facilities and Financing Granted to Finance Projects within Jerusalem
The Palestine Monetary Authority issued Circular No. 187/2011 requiring all banks operating in Palestine to submit detailed data on facilities and financing utilized within the Jerusalem area as of September 30, 2011. The circular mandates quarterly reporting of outstanding balances, non-performing loans, and impairment allowances, categorized by borrower type, economic sector, and specific financing purposes such as real estate, consumer goods, and education. Submissions must be made via the authority's file exchange service within one week of issuance and subsequently within one week following the end of each quarter, explicitly excluding financing used outside Jerusalem by Jerusalem ID holders.
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