Regulatory Alerts2020-01-01
Circular No. 145: Annual Cost of Borrowing Program (2020)
The Palestine Monetary Authority issued Circular No. 145 (2020) to mandate specialized lending institutions in Palestine to adopt an updated Annual Cost of Borrowing Program integrated into the Credit Information Systems (CBIS). Institutions must assign specific calculation permissions to designated users, enforce strict compliance with updated system instructions, and ensure accurate data entry for all financing products. The Authority will implement verification measures to monitor compliance and requires institutions to generate and deliver detailed cost breakdown reports to customers upon request.
Share