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2019-01-01

Circular No. 175: Service for Obtaining Administrative and Financial Reports

The Palestine Monetary Authority issued Circular No. 2019/175 to launch a new "PMA Reports" service on the Credit Information Office website, allowing banks to extract statistical data on credit inquiries, returned cheques, and operational fees and revenues. Banks must instruct designated system administrators to assign the "View PMA Reports" permission to selected personnel, in accordance with prior user rights management directives. This measure enhances regulatory oversight and operational transparency within the Palestinian banking sector's credit information framework.

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Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (2019/175)

To all banks operating in Palestine

Date: Tuesday, July 9, 2019

Subject: "Administrative and Financial Reports" Obtaining Service

Continuing the Palestine Monetary Authority's efforts to develop operational mechanisms to serve the banking sector in managing its affairs, and referring to PMA Circular No. 2019/173 dated July 9, 2019, concerning amendments to the fourth version of the Credit Information System, the "PMA Reports" service has been added to the Credit Information Office website. This service enables banks to extract a set of statistical reports derived from the Credit Information System database. These reports are divided into three groups as follows:

  1. Credit Information Reports, which include the following reports:

    • Daily inquiry operations performed at the username level
    • Daily record opening operations performed at the username level
    • Number of daily credit inquiry and record opening operations for the bank compared to the banking sector

  2. Returned Cheque Reports, which include the following reports:

    • Returned cheques at the bank branch level compared to the banking sector

  3. Fees and Operational Revenue Reports, which include the following reports:

    • Credit inquiry fees
    • Credit report fees for customers (total)
    • Credit report fees for customers (detailed)
    • Settlement fees (total)
    • Settlement fees (detailed)
    • Refunded settlement fees for customers (detailed)
    • Customer classification modification fees (detailed)
    • Settlement revenues (total)
    • Settlement revenues (detailed)

Accordingly, bank management is requested to disseminate this circular to the users nominated by the bank to manage the user rights system, pursuant to PMA Circulars No. (2016/55) dated April 5, 2016, and No. (2016/103) dated June 14, 2016. Specifically, the "View PMA Reports" permission must be added to users selected by the bank management as deemed appropriate. Permissions can be assigned at the level of one or more groups.

Market Supervision Department
Palestine Monetary Authority

Note:
Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452
info@pma.ps | Fax: +970 2 2415310 | Tel: +970 2 2415251
Gaza - Palestine P.O. Box 4026
Fax: +970 8 2844487 | Tel: +970 8 2825713
www.pma.ps

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