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.
Palestine Monetary Authority
Palestine Monetary Authority
Circular No. 68 (2007)
To all banks operating in Palestine
Date: Wednesday, April 18, 2007
Subject: New Name for Palestine Bank Ltd.
With reference to the above subject, and based on the bank name amendment certificate issued by the Companies Registrar on 2007/04/15, please be informed that the name of Palestine Bank Ltd. has been changed to (Palestine Bank P.J.S.C.),
We request all banks to transact with the bank under its new name.
Banking Supervision Department
Palestine Monetary Authority
Ramallah - Al Bireh P.O. Box 452, Tel. 02 240 9920, Fax: 02 240 9922
Gaza: P.O. Box 4026, Tel. 08 282 5713, Fax: 08 284 4487
E-mail: info@pma.gov.ps
Ramallah - Al Bireh P.O. Box 452, Tel: 02 240 9920, Fax: 02 240 9922
Gaza P.O. Box 4026, Tel: 08 282 5713, Fax: 08 284 4487
www.pma-palestine.org