Regulatory Alerts2024-01-01
Circular No. 112: Customer Attribute Codes
The Palestine Monetary Authority issued Circular No. 12/2024 to mandate all Palestinian banks adopt the updated Customer Attribute Codes Annex. This directive standardizes borrower classification across credit information systems by aligning with previous circulars and ensuring accurate, comprehensive data reporting. Banks are required to implement the revised code structure immediately to maintain regulatory compliance and operational efficiency.
[Palestine Monetary Authority Logo]
Palestine Monetary Authority PALESTINE MONETARY AUTHORITY
Circular No. (12/2024) To all banks operating in Palestine Date: Wednesday, November 06, 2024
Subject: Customer Attribute Codes
To ensure the currency, comprehensiveness, and accuracy of data reported to credit information systems, and in reference to Circular No. (110/2022) Annex No. (15), Circular No. (111/2022) Annex No. (1), and Circular No. (209/2019) Annex No. (8), and in line with the requirements of the Public Interest, we request your adoption of the updated attached version of the Customer Attributes Annex.
[Signature] Financial Stability Group Palestine Monetary Authority
- Attached is the Customer Attribute Codes Annex.
www.pma.ps Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Postal Code: P6160675 | Phone: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps
| Customer/Borrower Attributes | |
|---|---|
| Description | Code |
| Companies | 1000 |
| Tourism companies | 1001 |
| Companies and educational institutions registered with the Registrar of Companies | 1002 |
| Commercial companies (general trade, import and export) | 1003 |
| Telecommunications and information technology companies | 1004 |
| Real estate companies | 1005 |
| Financial companies and banks | 1006 |
| Insurance companies | 1007 |
| Contracting and general contracting companies | 1008 |
| Public service companies | 1009 |
| Pharmaceutical and medical supplies companies | 1010 |
| Industrial companies (food, beverages, cleaning materials) | 1011 |
| Government institutions | 2000 |
| Public sector individuals (government employees) | 3000 |
| Police Directorate | 3001 |
| Preventive Security | 3002 |
| Civil Defense | 3003 |
| General Intelligence | 3004 |
| National Security | 3005 |
| Internal Security | 3006 |
| Government health sector employees | 3007 |
| Government education sector employees | 3008 |
| Private sector individuals (private sector employees) | 4000 |
| Tourism company employees | 4001 |
| Private educational institutions and companies employees | 4002 |
| Commercial company employees | 4003 |
|---|---|
| Telecommunications company employees | 4004 |
| Real estate company employees | 4005 |
| Financial companies and banks employees | 4006 |
| Insurance company employees | 4007 |
| Contracting and contracting companies employees | 4008 |
| Service company employees | 4009 |
| Pharmaceutical companies employees | 4010 |
| Industrial companies (food, beverages, cleaning materials) employees | 4011 |
| Institutions, associations, clubs, and legal entities | 5000 |
| Associations in various forms | 5001 |
| Religious institutions | 5002 |
| International organizations | 5003 |
| Embassies and consulates | 5004 |
| Trade unions and labor organizations | 5005 |
| Municipalities, rural councils, and municipalities | 5006 |
| Skilled workers, free professionals, and merchants | 6000 |
| Shop owners | 6001 |
| Bakery owners | 6002 |
| Professionals and skilled workers | 6003 |
| Doctors | 6004 |
| Engineers | 6005 |
| Restaurant and café owners | 6006 |
| Café and restaurant workers | 6007 |
| Workers in agriculture, forestry, and fisheries | 6008 |
| Workers in arts, entertainment, and leisure sector | 6009 |
| Palestinian workers within the Green Line | 6010 |
| Students, housewives, trainees - categories with no fixed income | 7000 |
|---|---|
| Institutions not registered with the Registrar of Companies | 8000 |
| Schools and educational institutions not registered with the Registrar of Companies | 8001 |
| Cafés and restaurants | 8002 |
| Engineering and law offices | 8003 |
| Commercial shops not registered with the Registrar of Companies | 8004 |
| Medical centers not registered with the Registrar of Companies | 8005 |
| Pharmacies | 8009 |