Regulatory Alerts2015-01-01
Circular No. 81 Credit Report - Developed Version III - Lending - 2015
The Palestine Monetary Authority issued Circular No. 81/2015 to update credit reporting requirements by specifying disclosure thresholds for Al-Watania Mobile Company (2,000 Shekels for individuals, 15,000 Shekels for entities) and Akram Sebtani & Co. (all post-dated check buyers), while restricting court ruling disclosures to banking-related cases. Lending institutions must exclude these new data points from the formal borrower classification system and defer risk assessment to internal management until broader sectoral data sharing agreements are finalized. Additionally, all lenders are mandated to immediately incorporate existing private-sector debt into their Debt Burden Ratio (DBR) calculations to mitigate overindebtedness risks and safeguard consumer repayment capacity.