Regulatory Alerts2024-01-01
Instructions No. 1 of 2024 Regarding the Credit Portfolio of Specialized Lending Institutions
The Palestine Monetary Authority issued Instructions No. 1 of 2024 to regulate the credit portfolios of specialized lending institutions in response to current economic conditions. The directive mandates loan payment deferrals for borrowers in Gaza until June 30, 2024, and flexible restructuring options for those in the West Bank, while prohibiting associated fees. Institutions are required to apply strict expected credit loss modeling with high-weighted pessimistic scenarios and submit monthly compliance reports starting in March.
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