Regulatory Alerts2013-01-01
Circular No. 145 Clarifications on Reporting Facilities Granted to Small and Medium Enterprises
The Palestine Monetary Authority issued Circular No. 145/2013 to clarify reporting requirements and amend the demographic file structure for facilities granted to small and medium enterprises. The directive specifies that guarantees and credits must report zero interest rates and "N/A" for interest types, while waiving mandatory data fields for non-performing loans to accommodate limited borrower information. Banks are required to adopt these updates, including new legal action fields and appendix options, to ensure full compliance with the revised reporting database.
Share