Regulatory Alerts2007-01-01
Circular No. 24/1/2007 Number of Granted Facilities and Number of Credit Cards
The Palestine Monetary Authority issued Circular No. 24/1/2007 mandating all Palestinian banks to report active direct and indirect facility files and issued credit card volumes to the Credit Information Bureau. Banks must submit the exact counts of these facilities and cards alongside their utilized balances according to a standardized table, with a submission deadline of the following week. The circular further specifies that any borrower holding multiple facilities requires separate disclosure for each individual loan, overdraft, guarantee, or standing credit granted.
Palestine Monetary Authority
Circular No. (24/1/2007)
To all banks operating in Palestine
Date: Wednesday, August 29, 2007
Subject: Number of Granted Facilities and Number of Credit Cards
For the purposes of utilizing the Credit Information Bureau, all banks are requested to provide us during the coming week with the number of active direct and indirect facility files as of that date, as well as the number of issued credit cards of all types and the value of utilized balances, according to the following table:
| Number of Direct Facility Files | Number of Indirect Facility Files | Total | Number of Issued Credit Cards | Utilized Balance |
|---|
Please note that in the event a borrower obtains more than one facility (direct or indirect), disclosure of the total number of facilities granted to a single client is required (each loan, overdraft, guarantee, standing credit……etc.).
Bank Supervision Department
Palestine Monetary Authority
Ramallah - Al Bireh P.O.Box 452 - Tel.: 02-2409920 - Fax: 02-2409922
Gaza - P.O. Box 4026 - Tel.: 08-2825713 - Fax: 08-2844487
E-mail: info@pma.ps
www.pma.ps
Ramallah - Al Bireh P.O. Box: 452 - Phone: 02-2409920 - Fax: 02-2409922
Gaza - P.O. Box: 4026 - Phone: 08-2825713 - Fax: 08-2844487