Regulatory Alerts2014-01-01
Circular No. 58 Development of the Credit Information System - Clarification Circular
The Palestine Monetary Authority issued Circular No. 2014/58 to clarify reporting requirements for the development of the Credit Information System (Version III) following field inspections of banks and lending institutions. The circular mandates specific disclosure mechanisms for guarantee limits, revolving purchase limits, facility guarantors, non-performing loans, interest rates, enterprise assets, and geographic classifications to ensure accurate credit data reporting. Banks are instructed to adopt these clarifications, submit updated borrower and enterprise files via designated Excel templates during the first five working days of May, and maintain parallel reporting until the new system version is officially launched.
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