Regulatory Alerts2014-01-01
Circular No. 29 Classification of Public Sector Employees - Development of Credit Information System
The Palestine Monetary Authority issued Circular No. 29/2014 to amend the credit classification codes for public sector borrowers as part of its credit information system development initiative. All banks operating in Palestine must adopt the revised Annex 14 classifications, reclassify existing public sector facilities accordingly, and complete all mandated system updates per the established action plan. The Authority will conduct field inspections next month to verify compliance and confirm that institutions are fully prepared to meet the new credit reporting requirements.
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