Regulatory Alerts2018-01-01
Circular No. 2018/270: Borrowers from the Student Loan Fund
The Palestine Monetary Authority issued Circular No. 2018/270 to direct all banks operating in Palestine to assist the Student Loan Fund in collecting outstanding debts from banking sector employees who are in default. The circular mandates bank administrations to instruct these defaulting borrowers to visit the fund immediately to begin settling their obligations, following a December 5, 2018 board decision prioritizing urgent debt recovery from private sector delinquents. This directive aims to support the educational financing system by ensuring timely repayment of student loans from government-regulated financial institutions.
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