Regulatory Alerts2007-01-01
Circular No. 68: New Name for Palestine Bank Ltd.
The Palestine Monetary Authority issued Circular No. 68 to formally notify all banks operating in Palestine of the official name change for Palestine Bank Ltd. to Palestine Bank P.J.S.C., effective upon the Companies Registrar's amendment certificate dated April 15, 2007. The directive mandates that all financial institutions must immediately update their records and conduct all transactions with the renamed entity under its new legal designation. This administrative update ensures regulatory compliance and accurate interbank settlement procedures following the bank's corporate restructuring.
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