Regulatory Alerts2011-01-01
Lending-2011- Circular No. 137 Classification of Facilities for Disclosure in the Monthly Report
The Palestine Monetary Authority issued Circular No. 137 to mandate that lending institutions classify the economic sector of granted facilities at the individual facility level rather than the borrower level in monthly reports. This directive resolves data discrepancies in housing and mortgage loan values reported to the Credit Information System and the new real estate sector system by correcting facility sector classification errors. The clarification aligns reporting practices with Annex No. (2) of Circular No. 2007/160, ensuring accurate risk profiling for borrowers holding multiple facilities with varying risk classifications.
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