Regulatory Alerts2011-01-01
Circular No. 5/2011: Housing and Mortgage Loans Granted to Non-Residents
The Palestine Monetary Authority issued Circular No. 5/2011 to mandate all operating banks in Palestine to disclose housing and mortgage loans granted to non-residents. The directive requires financial institutions to utilize newly designated reporting items labeled "Outside Palestine" in Annexes 9 and 18 to categorize these loans according to updated demographic and geographical classification structures. Banks must integrate these specific disclosure items into their existing reporting frameworks in compliance with the Authority's established instructions and database requirements.
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