Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (2018/270)

To all banks operating in Palestine
Date: Sunday, December 23, 2018

Subject: Borrowers from the Student Loan Fund

Attached for your information is a letter from the Chairman of the Board of Directors of the Student Loan Fund for Higher Education Institutions in Palestine / His Excellency the Minister of Education and Higher Education, urging bank sector employees who are borrowers from the Student Loan Fund and are in default to settle their debts. Accordingly, please take the necessary measures to assist in implementing the contents of the letter from His Excellency the Minister of Education and Higher Education / Chairman of the Board of Directors of the Student Loan Fund for Higher Education Institutions.

Supervision and Inspection Department
Palestine Monetary Authority

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State of Palestine

Student Loan Fund for Higher Education Institutions in Palestine

Loan Fund for Undergraduate in Palestine

Reference No.: 1081
Date: December 9, 2018
Hijri Date: 2 / 04 / 1440 AH

His Excellency Mr. Azzam Al-Shawa, may God protect him,
Governor of the Palestine Monetary Authority
Greetings,

Borrowers among Private Sector Employees Working in Banks

The Student Loan Fund for Higher Education Institutions in Palestine extends its warmest greetings. Based on the Board of Directors' decision during its third meeting held on December 5, 2018, which mandates the immediate initiation of debt collection procedures for borrowers working in the private sector and in default of payments, including employees in the banking sector, we address Your Excellency with a request for assistance in collecting the debts of banking sector employees operating in Palestine; and to instruct the administrations of those banks to direct their employees to visit the Loan Fund to begin settling their outstanding debts.

We thank Your Excellency for your cooperation and support of the Loan Fund and the educational process in Palestine.

Please accept the highest assurances of respect and appreciation,

Dr. Sabri Saydam
Minister of Education and Higher Education
Chairman of the Board of Directors of the Loan Fund

Copy: To the esteemed Deputy Minister for Higher Education Affairs.

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